Stock Market Math
Assessment
•
Carrie Weaknecht
•
5th Grade
•
31 plays
•
Medium
Student preview
20 questions
Show answers
1.
Multiple Choice
Starting money = $350.
Interest rate = 2.5%
Time = 3 years.
How much interest? (Remember: Principal * Rate * Time)
$7.50
$26.25
$87.5
$262.50
2.
Multiple Choice
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back IN TOTAL after 2 years?
$150
$192
$1350
$1392
3.
Multiple Choice
4
8
12
16
4.
Multiple Choice
The rate is given as a percent (%). Before using it in the simple interest formula, you may first want to convert the percent to a______.
fraction
decimal
negative number
dollar amount
5.
Multiple Choice
The simple interest formula is I=Prt. The P represents the principal. The principal is ___________________.
the amount of money borrowed or deposited to begin with
the percent interest for his year
the amount taxed
the amount the bank owes you for being a customer at their bank
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