Simple Interest

Simple Interest

Assessment

Assessment

Created by

Joseph DeVito

Mathematics

7th Grade

3K plays

Hard

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10 questions

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1.

Multiple Choice

5 sec

1 pt

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

$160

$800

$80,000

$16

2.

Multiple Choice

5 mins

1 pt

Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 8 months.

$33.50

$40,000

$50

$400

3.

Multiple Choice

1 min

1 pt

Find the simple interest paid on a loan of $750 with an 18% rate over 2 years.

$135

$13,500

$270

$27,000

4.

Multiple Choice

5 mins

1 pt

Find the simple interest paid on a loan of $1,500 at a rate of 19% 15 months.

$356.25

$427,500

$4,275

$285

5.

Multiple Choice

5 mins

1 pt

Find the simple interest paid on a loan of $4,750 at a rate of 19.5% for 30 months.

$5

$2315.63

$27,787.50

$926.25

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