Exploring Simple Interest Concepts
Interactive Video
•
Mathematics
•
6th - 8th Grade
•
Practice Problem
•
Easy
Standards-aligned
Sophia Harris
Used 2+ times
FREE Resource
Standards-aligned
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you convert a percentage to a decimal?
Divide by 100
Subtract 0.01
Add 0.01
Multiply by 100
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you convert a decimal to a percentage?
Add 0.01
Divide by 100
Multiply by 100
Subtract 0.01
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 'P' in the simple interest formula represent?
Profit
Principal
Percentage
Payment
Tags
CCSS.HSF-IF.C.8B
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you invest $600 at a rate of 5% for 3 years, how much interest do you earn?
$300
$30
$90
$180
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the correct formula for calculating simple interest?
I = P * R * T
I = P / (R * T)
I = P - R - T
I = P + R + T
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 'R' in the simple interest formula stand for?
Return
Reduction
Rate
Ratio
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 'T' in the simple interest formula represent?
Transaction
Time
Term
Total
Tags
CCSS.HSF-IF.C.8B
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