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Free tool · Quizzes and practice

Simple Interest Quiz Generator

Make a simple interest quiz for maths class: interest, total amount, and working back to the rate, time or amount invested, using I = P × R × T ÷ 100.

  • Free
  • No sign-up to try
  • Works as you type
Difficulty

Preview: 10 questions

  1. 1. $1,400 is invested at 2% simple interest per year for 4 years. How much interest does it earn?

  2. 2. $200 is invested at 6% simple interest per year for 2 years. How much interest does it earn?

  3. 3. $600 is invested at 4% simple interest per year for 1 year. How much interest does it earn?

  4. 4. $1,600 is invested at 7% simple interest per year for 3 years. How much interest does it earn?

  5. 5. $1,800 is invested at 2% simple interest per year for 3 years. How much interest does it earn?

  6. 6. $1,800 is invested at 3% simple interest per year for 2 years. How much interest does it earn?

  7. 7. $800 is invested at 2% simple interest per year for 2 years. How much interest does it earn?

  8. 8. $200 is invested at 6% simple interest per year for 5 years. How much interest does it earn?

  9. 9. $1,300 is invested at 5% simple interest per year for 5 years. How much interest does it earn?

  10. 10. $1,600 is invested at 6% simple interest per year for 3 years. How much interest does it earn?

Free, no sign-up to try. Your quiz becomes a Room you can edit, publish and share.

See a worked example

How it works

How the Simple Interest Quiz Generator works

  1. 1

    Pick skills and difficulty

    Choose the skills to practise, how hard, and how many questions.

  2. 2

    Try it here

    The quiz appears as you choose. Answer a few and check them to see the worked solutions.

  3. 3

    Create the Room

    One click makes it a quiz Room with a tutor that gives hints. Publish it and share the link.

Worked example

What it makes

Three questions from a easier quiz on simple interest, with the answers and worked solutions the quiz shows after checking.

  1. 1. $1,400 is invested at 2% simple interest per year for 4 years. How much interest does it earn?

    Options: $11,200 · $112 · $28 · $1,512

    Answer: $112

    Interest = P × R × T ÷ 100 = 1,400 × 2 × 4 ÷ 100 = $112.

  2. 2. $200 is invested at 6% simple interest per year for 2 years. How much interest does it earn?

    Options: $2,400 · $12 · $224 · $24

    Answer: $24

    Interest = P × R × T ÷ 100 = 200 × 6 × 2 ÷ 100 = $24.

  3. 3. $600 is invested at 4% simple interest per year for 1 year. How much interest does it earn?

    Options: $14 · $24 · $2,400 · $624

    Answer: $24

    Interest = P × R × T ÷ 100 = 600 × 4 × 1 ÷ 100 = $24.

Who it's for

Who uses it

  • Maths teachers

    Practice on using the formula and rearranging it.

  • Learners

    See the difference between the interest and the total.

  • Tutors

    Build up to rearranging a formula with real numbers.

Good to know

What to consider

  • This is maths practice, not financial advice: real savings and loans usually use compound interest and fees.
  • Amounts are in dollars with whole-number answers.
  • Level 3 rearranges the formula to find the rate, time or amount invested.

Questions

About the Simple Interest Quiz Generator

Does it include compound interest?

No, simple interest only.

How do I know the answers are right?

The questions are computed, not written by AI: each answer is worked out with exact arithmetic and checked again by a separate solver in our tests. Every question shows its worked solution after the learner checks their answers.

Can my students use it without an account?

Yes. Publish the Room and share the link: anyone with it can take the quiz, check their answers and read the worked solutions. You need a free account to keep and publish the Room.

Make your quiz now

Free, no sign-up to try. It becomes a Room you can edit, publish and share.

Create my quiz

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