Simple interest Quiz

Name: ______________________   Date: __________   Score: ____ / 7

7 questions. Calculator allowed. Show your working. steplyclass.com/algebra-1/simple-interest/quiz/

1. 1

   Tom wants to earn $200 interest in 4 years. The bank pays 5% simple interest per year. How much must he put in?
   1. A) x = 5
   2. B) x = 200
   3. C) x = 1
   4. D) x = 1000

2. 2

   Ana puts $800 in a bank for 2 years. She earns $64 interest. What is the interest rate per year?

   Answer: ____________________

3. 3

   Leo puts $600 in a bank at 5% simple interest per year. He earns $90 interest. How many years does it take?
   1. A) x = 5
   2. B) x = 3
   3. C) x = 90
   4. D) x = 600

4. 4

   Kim wants to earn $150 interest in 3 years. The bank pays 2% simple interest per year. How much must she put in?

   Answer: ____________________

5. 5

   Raj puts $400 in a bank for 5 years. He earns $60 interest. What is the interest rate per year?
   1. A) x = 1200
   2. B) x = 60
   3. C) x = 3
   4. D) x = 400

6. 6

   Lina puts $900 in a bank at 4% simple interest per year. She earns $108 interest. How many years does it take?

   Answer: ____________________

7. 7

   Jo wants to earn $30 interest in 6 months. The bank pays 4% simple interest per year. How much must he put in?
   1. A) x = 4
   2. B) x = 30
   3. C) x = 1500
   4. D) x = 75000