Percents and Simple Interest - Practice

Mobius units are made up of many related topics that share a common theme and set of skills. Each topic builds the skills needed by the next topic, heading towards a common goal of understanding one area of mathematics.

This unit focuses on understanding simple interest, principle, rate, and time, and how to calculate any of them given the others.

Percents and Simple Interest - Practice

Test your mastery by completing 20 questions!


What is the simple interest in this situation?

Principle =$700Rate =10%Time =1yrsInterest =$?\begin{align*}\text{Principle } &= \$700\\ \text{Rate } &= 10\%\\ \text{Time } &= 1\text{yrs}\\ \\ \text{Interest } &= \$?\end{align*}