7
QuizMultiple Choice

Simple Interest — Quiz

Question 7 • Grade 7 Mathematics

What is the simple interest that is missing from the table? Use the formula l is equal to p r t l ? p 375 dollars r 2 point 2 percent t 3 years

Answer
A
25 point 0 0 dollars
B
24 point 7 5 dollars
C
2 dollars comma 475 point 7 5
D
2 dollars comma 500 point 0 0

Explanation

Use the simple interest formula I = P × r × t. Convert 2.2% to a decimal, 0.022, then calculate $375 × 0.022 × 3 = $24.75. The missing simple interest is $24.75, choice B.

AI-written and checked against the verified answer.

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