Simple interest Practice Questions (Grade 7)

Simple interest. Game on.

Simple interest is a grade 7 math skill aligned to Common Core standard 7.RP.A.3: use proportional relationships to solve multistep ratio and percent problems. Below are 8 practice questions with answers and step-by-step explanations, drawn from the 30 simple interest problems our math games drill.

CCSS 7.RP.A.330 questions in the bank

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Warm-upeasy

Find the simple interest on $\text{\char36}500$ at $10\%$ per year for $1$ year.

$I = 500 \times 0.10 \times 1 = \$50$ .

Mid-gameeasy

Find the simple interest on $\text{\char36}400$ at $25\%$ per year for $1$ year.

$I = 400 \times 0.25 \times 1 = \$100$ .

Mid-gameeasy

Find the simple interest on $\text{\char36}300$ at $4\%$ per year for $1$ year.

$I = 300 \times 0.04 \times 1 = \$12$ .

Mid-gameeasy

Find the simple interest on $\text{\char36}200$ at $10\%$ per year for $2$ years.

$I = 200 \times 0.10 \times 2 = \$40$ .

Mid-gameeasy

Find the simple interest on $\text{\char36}100$ at $5\%$ per year for $1$ year.

$I = 100 \times 0.05 \times 1 = \$5$ .

Mid-gameeasy

Find the simple interest on $\text{\char36}100$ at $10\%$ per year for $1$ year.

$I = 100 \times 0.1 \times 1 = \$10$ .

Mid-gameeasy

Find the simple interest on $\text{\char36}100$ at $20\%$ per year for $1$ year.

$I = 100 \times 0.2 \times 1 = \$20$ .

Buzzer beatereasy

Find the simple interest on $\text{\char36}200$ at $5\%$ per year for $2$ years.

$I = 200 \times 0.05 \times 2 = \$20$ .

Simple interest. Game on.

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