Simple Interest
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Assessment
•
Joseph DeVito
•
Mathematics
•
7th Grade
•
3K plays
•
Hard
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10 questions
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1.
Multiple Choice
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
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
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
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
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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