Simple Interest 7.RP.A.3 Grade Practice Test Questions TOC | Lumos Learning

Simple Interest 7.RP.A.3 Question & Answer Key Resources Lumos Workbooks Master Course - Grade 7 Mathematics

Lumos Workbooks Master Course - Grade 7 Mathematics Simple Interest

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Jose took a loan of $5000 at a bank for as many years as the rate of interest. If he paid a total amount of $5450 at the end of the period and cleared his loan, what was the rate of interest?

Resource: Question

Question Type: Drag & Drop

Standard(s):7.RP.A.3

Standard Description: Use proportional relationships to solve multistep ratio and percent problems. Examples: simple interest, tax, markups and markdowns, gratuities and commissions, fees, percent increase and decrease, percent error.

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