Quizalize logo
placeholder image to represent content

Simple interest

Quiz by Mary Alice Salinas

Grade 8
Mathematics
Texas Essential Knowledge and Skills (TEKS)

Feel free to use or edit a copy

includes Teacher and Student dashboards

Measure skills
from any curriculum

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

With a free account, teachers can
  • edit the questions
  • save a copy for later
  • start a class game
  • automatically assign follow-up activities based on students’ 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!

New Quizalize solo game modes
10 questions
Show answers
  • Q1
    What is the formula to calculate simple interest?
    Principal x Rate x Time
    Principal / Rate x Time
    Principal + Rate + Time
    Principal x Rate / Time
    30s
  • Q2
    A principal amount of $5000 is invested at an annual interest rate of 5%. What is the simple interest earned after 3 years?
    $250
    $1000
    $500
    $750
    30s
  • Q3
    Tom deposited $5000 in a savings account that earns an annual interest rate of 6%. How much simple interest will he earn after 2 years?
    $600
    $400
    $700
    $300
    30s
  • Q4
    Emily invested $4000 in a savings account that earns an annual interest rate of 10%. How much simple interest will she earn after 3 years?
    $1600
    $400
    $800
    $1200
    30s
  • Q5
    Sam invested $2500 at an annual interest rate of 6%. How much simple interest will he earn after 5 years?
    $750
    $1000
    $375
    $500
    30s
  • Q6
    A principal amount of $8000 is invested at an annual interest rate of 6%. What is the simple interest earned after 2 years?
    $1280
    $480
    $960
    $640
    30s
  • Q7
    Jasmine invested $5000 in a savings account with an annual interest rate of 4%. How much money will she have after 3 years if the interest is compounded annually?
    $5480
    $5420.16
    $5000.60
    $5400
    30s
  • Q8
    Michael invested $2000 in a savings account with an annual interest rate of 6%. If the interest is compounded annually, how much money will he have after 5 years?
    $2400
    $2200
    $2672.35
    $2560.60
    30s
  • Q9
    Sophie invested $3000 in a savings account with an annual interest rate of 5%. If the interest is compounded annually, how much money will she have after 4 years?
    $3450
    $3100
    $3645.00
    $3498.75
    30s
  • Q10
    Emma borrowed $5000 from a bank at an annual interest rate of 6%. If she repays the loan after 3 years, how much money will she have to pay back including interest if the interest is compounded annually?
    $5500
    $5954.04
    $5100
    $5796.20
    30s

Teachers give this quiz to your class