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Mathematics worksheets for class 7
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Q. Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?
Interest rate = 2.5%
TIme = 3 years.
How much interest?
answer choices
$7.50
$26.25
$87.5
$262.50
Q. Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
answer choices
$150
$192
$1350
$1392
Q. Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?
answer choices
$800
$1,000
$1,200
$1,500
Q. The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.
answer choices
the amount of money borrowed or deposited
the percent interest for his year
the amount taxed
the amount the bank owes you for being a customer at their bank
Q. The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a______.
answer choices
fraction
decimal
ratio
dollar amount
Q. Anna invested $2,500 at an annual rate of 5%. How long will it take until Anna earns $1,125 in interest?
answer choices
5 years
8 years
10 years
9 years
Q. Javon has a credit card with a $1,583 balance. His interest rate is 8.8%. If he does not pay for 3 years, how much interest does he owe?
answer choices
$4,179
$417.91
$133,930
$41,791
Q. Allison was left an inheritance from her Aunt Lisa. She can not touch the money until she is 21 years old, Allison is now 12 years old and inherited $50,000 that was put into an account with 2% interest. How many years until Allison is 21 years old?
answer choices
12
21
8
9
Q. Allison was left an inheritance from her Aunt Lisa. She can not touch the money until she is 21 years old, Allison is now 12 years old and inherited $50,000 that was put into an account with 2% interest. How much interest will Allison have earned at her 21st birthday?
answer choices
$900
$100,000
$9,000
Q.
You borrowed 43,800 at a SIMPLE interest rate of 4.8%. If you pay it back in 2 years, how much interest is paid pack?
answer choices
$464,280
$85,848
$4204.8
$48,004.80
Q. The simple interest formula is I=Prt. What does the t represent?
answer choices
Principle
Interest
Time
Percent Rate
Q.
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
answer choices
$150
$192
$1350
$1392
Q. If you are calculating the simple interest and you are given the time in months. How can you find the time in years?
answer choices
divide 12 by the months
divide the months by 12
multiply 12 times the months
change the months to a decimal
Q. What is 7.25% converted to a decimal?
answer choices
.725
0.725
0.0725
7.25
Q. Interest can be defined as:
answer choices
a charge for lending money
the amount owed for borrowing money
the amount added into your savings account when opening a bank account
a charge for convenience of accessing money in your bank
Q. Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?
Interest rate = 2.5%
TIme = 3 years.
How much interest?
answer choices
$7.50
$26.25
$87.5
$262.50
Q.
Calculate the interest. I = PRT,
Principal = $1000,
Rate = 6%,
Time = 2 years
answer choices
$100
$120
$180
1200
Q. Calculate the interest. I = PRT,
Principal = $10000,
Rate = 7%,
Time = 20 years
Principal = $10000,
Rate = 7%,
Time = 20 years
answer choices
1400
1000
14000
14
Q. Ann puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?
answer choices
4
8
12
16
Q. Principal = $800
Interest Rate = 3.5%
Time = 6 months
Find the interest earned.
Interest Rate = 3.5%
Time = 6 months
Find the interest earned.
answer choices
14
140
168
16.80
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