Simple Interest

QuizÂ by Katherine Edson

Feel free to use or edit a copy

includes Teacher and Student dashboards

### Measure skillsfrom any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

- edit the questions
- save a copy for later
- start a class game
- view complete results in the Gradebook and Mastery Dashboards
- automatically assign follow-up activities based on studentsâ€™ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet

### Our **brand new** solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

- Q1
What does the I stand for in I = P x r x T

Interest Rate

Time

Interest Earned

Principal

30sEditDelete - Q2
Calculate the FINAL BALANCE if the principal amount is $15, 400, interest rate is 14% and the amount of time is 4 years.

$25,000

$2,000

$24,024

$23.24

30sEditDelete - Q3
What does the "r" represent in the Simple Interest Formula? I = prt

Rate

Time

Account Balance

Interest

30sEditDelete - Q4
Calculate the INTEREST if the principal amount is $51,000 interest rate is 16% and the amount of time is 2 years.

$600

$16,320

$1

$0

30sEditDelete - Q5
Calculate the simple INTEREST: Principal = $43,000 Rate = 8% T = 4 years.

$13,760

$367

$1

$0

30sEditDelete - Q6
Calculate the FINAL BALANCE: Principal = $26,900 Rate = 6% Time = 3 years

$31,742

$3742

$37

$375

30sEditDelete - Q7
What is the total amount to be paid on a 7 year, $35,000 loan at 7% p.a.?

$49700

$47700

$45700

$50700

30sEditDelete - Q8
If a simple interest loan earns $2400 after 6 years at a 5% interest rate, what was the principal amount?

$7500

$8000

$7750

$8500

30sEditDelete - Q9
If a simple interest loan earns $412.50 after 3 years at a 2.75% interest rate, what was the principal amount?

$4500

$6000

$5000

$5500

30sEditDelete