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- 1. Multiple ChoiceEmilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?$150$192$1350$1392
- 2. Multiple ChoicePrincipal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?95105125135 - 3. Multiple ChoiceDan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?$120$144$1,200$1,440
- 4. Multiple ChoiceJenna 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?6%6%8%9%
- 5. Multiple ChoiceThe simple interest formula is I=Prt. What does the t represent?PrincipleInterestTime, in hoursTime, in years
- 6. Multiple ChoiceConvert 18 months to years.18 Years1.5 Years.18 YearsYou cannot change it to years.
- 7. Multiple ChoiceWrite the decimal as a percent.
0.3737%3.7%.37% - 8. Multiple ChoiceWrite the percent as a decimal.
4.3%4.3.43.0434300 - 9. Multiple ChoiceWhat does the "I" in the interest formula stand for?ImportantInterestInternetIgloo
- 10. Multiple ChoiceWhat does the "r" in the interest formula stand for?PrincipalInterestratetime
- 11. Multiple ChoiceThe Principal and Interest are always___________.fractiondecimalpercentmoney
- 12. Multiple Choice
Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.
$160
$800
$80,000
$16
- 13. Multiple Choice
Kermit took out a 4 year loan for $5,500. He had to pay a total of $1,870 in interest payments. What rate did he pay for his loan?
85%
5.5%
8.5%
14%
- 14. Fill in the BlankPrincipal = $500
Interest earned in 4 years = $60.
Find the interest rate. - 15. Multiple ChoiceIf you are calculating the simple interest and you are given the time in months. How can you find the time in years?divide 12 by the monthsdivide the months by 12multiply 12 times the monthschange the months to a decimal
- 16. Multiple Choice9 months is how many years?.5.75.25
- 17. Fill in the BlankAnna invested $2,500 at an annual rate of 5%. How long will it take until Anna earns $1,125 in interest?
- Answer choicesTagsAnswer choicesTags