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7 - 6.7 Activity
Test Description: 6.7 - Simple Interest
Instructions: Answer all questions to get your test result.
1) Find the interest earned. $200 at 3% for 5 years
A
$20
B
$40
C
$30
D
$60
2) Find the interest earned. $750 at 8% for 2 years
A
$80
B
$100
C
$120
D
$90
3) Find the interest earned. $1600 at 5% for 1 years
A
$75
B
$80
C
$100
D
$90
4) Find the interest earned. $200 at 3% for 6 months
A
$360
B
$120
C
$240
D
$30
5) Find the annual interest rate. I = $18, P = $150 , t = 6 years
A
0.02%
B
4%
C
2%
D
0.04%
6) Find the annual interest rate. I = $164.50, P = $940 , t = 2.5 years
A
7%
B
8%
C
0.07%
D
0.08%
7) Find the amount of time. I = $72, P = $600, r = 4%
A
1 year
B
3 years
C
4 years
D
2 years
8) Find the amount of time. I = $174, P = $1450, r = 8%
A
1.5 years
B
2.5 years
C
4.5 years
D
3.5 years
9) Find the interest earned. $2600 at 3.2% for 4 years
A
$425.50
B
$987.20
C
$332.80
D
$225.75
10) Find the interest earned. $75,000 at 8.5% for 3 months
A
$1258.15
B
$145.35
C
$1125.95
D
$1593.75
*select an answer for all questions
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