This activity walks students through the process of calculating simple interest. It asks them to pick a college, calculate tuition, how many years they are going to take to pay back the loan, and ultimately how much money they will owe the bank total.
There are three versions of the same quiz included. The questions are the same on each quiz but the numbers are different. I use the different versions to help prevent cheating.
The quiz is LOOSELY based on investigation 1 of the Comparing and Scaling book from Connected Math 7.