Simple Interest

Simple Interest

Assessment

Flashcard

Mathematics

8th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

10 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays a simple interest rate of 3.8%. What will be the amount of interest earned after 15 years?

Back

$270.75

2.

FLASHCARD QUESTION

Front

Emily’s parents put $1500 in her bank account for college tuition at a simple interest rate of 8.25%. What will be the balance after 18 years?

Back

$3727.50

3.

FLASHCARD QUESTION

Front

Mark took out a loan for $25,690 at a simple interest rate of 5.2%. How much interest will he pay after 5 years?

Back

$6,679.40

4.

FLASHCARD QUESTION

Front

Olivia buys furniture on credit with 9.5% simple interest for $7400. How much will she pay in total after 8 years?

Back

$13,024

5.

FLASHCARD QUESTION

Front

The Henley’s took out a new home loan for $195,000 at a simple interest rate of 4.3%. How much will they pay in interest after 30 years?

Back

$251,550

6.

FLASHCARD QUESTION

Front

Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% simple interest, how much will she have in total in her account at the end of 10 years?

Back

$3,870

7.

FLASHCARD QUESTION

Front

Riley invested $1,000 in a savings account. If the account earns 6.75% simple interest, what is the balance in her account after 15 years?

Back

$2,012.50

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?