Simple Interest 8th - 9th Grade Quiz

Simple Interest

Assessment

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Jason Moore

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Mathematics

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8th - 9th Grade

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683 plays

•

Medium

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17 questions

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1.

MULTIPLE CHOICE

2 mins • 1 pt

Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

2.

MULTIPLE CHOICE

2 mins • 1 pt

Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?

3.

MULTIPLE CHOICE

2 mins • 1 pt

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?

4.

MULTIPLE CHOICE

2 mins • 1 pt

Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. What rate of interest did she pay?

5.

MULTIPLE CHOICE

2 mins • 1 pt

The simple interest formula is I=Prt. What does the t represent?

6.

MULTIPLE CHOICE

2 mins • 1 pt

Convert 18 months to years.

7.

MULTIPLE CHOICE

2 mins • 1 pt

Write the decimal as a percent.
0.37

8.

MULTIPLE CHOICE

2 mins • 1 pt

Write the percent as a decimal.
4.3%

9.

MULTIPLE CHOICE

2 mins • 1 pt

What does the "I" in the interest formula stand for?

10.

MULTIPLE CHOICE

2 mins • 1 pt

What does the "r" in the interest formula stand for?

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