Simple and Compound Interest
Authored by Ms. Soto
Mathematics
8th Grade
CCSS covered
Used 21+ times
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27 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
1. Maya took out a loan for $1,000 with a simple interest rate of 5%. What will the interest be after 30 months?
$1500
$150,000
125
$12,500
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
When calculating
interest, how do you write the percent?
a fraction
a decimal
a round number
not enough information
Tags
CCSS.7.RP.A.3
CCSS.7.EE.B.3
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
On a scale from 1-5, (5 being the best). How well do i understand simple and compound interest?
5
4
3
2
1
Tags
CCSS.HSF.LE.A.1
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.2
CCSS.HSA.SSE.B.4
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Steve deposited
$5,000 in a savings account that pays 4% interest compounded annually. Which
equation could be used to find the value of the account after 3 years?
A = 5,000(1 + 4)3
A = 5,000(1 + 0.04)3
A = 5,000(1 + 0.4) x 3
A = 5,000(0.04)3
Tags
CCSS.HSF.LE.A.1
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.LE.B.5
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
David
invests $10,000 in a savings account that pays 3.5% simple interest. If David
makes no withdrawals or deposits to the account, how much will be in the
account after 7 years.
$2,450
$11,750
$12,450
Not here
Tags
CCSS.HSF.BF.A.2
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Garrison
deposited $500 in an account that earns 5% annual interest compounded annually. If he makes no withdrawals or deposits, how
much INTEREST will the account earn after 4 years?
$600
$100
$607.75
$107.75
Tags
CCSS.HSF.BF.A.2
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Gilberto
invests $10,000 in a savings account that pays 4.75% simple interest. If Gilberto makes no withdrawals or deposits
to the account, what will be the total amount after 7 years?
$3,325
$13,325
$13,838.16
$13,000
Tags
CCSS.7.RP.A.3
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