Topic 12: Item-type And Stem-format Mastery

Lesson 12.3: Quantitative Item Workflow — Quiz

Test your understanding of lesson 12.3: quantitative item workflow with 5 practice questions.

Practice Questions

Question 1

What is the total amount of simple interest earned on an investment of $500 at an annual interest rate of 5% after 3 years?

Question 2

If a borrower takes out a loan of $1,000 at an annual interest rate of 6% to be repaid in 2 years using simple interest, what is the total amount of interest paid?

Question 3

What is the future value after 5 years of an investment of $2,000 at an annual interest rate of 4% with simple interest?

Question 4

If an investment of $750 earns $90 in interest over 3 years at a simple interest rate, what is the annual interest rate?

Question 5

A principal of $1,500 is invested for 4 years at a simple interest rate. If the total interest earned is $180, what is the interest rate?