Comparing Simple and Compound Interest
Authored by Kirstin Grant
Mathematics
7th - 8th Grade
CCSS covered
Used 20+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest earned on the principal is...
Compound Interest
Simple Interest
Interest Rate
Principal
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The percent of the principal that is earned in return for
loaning the bank the funds is...
Compound Interest
Simple Interest
Interest Rate
Principal
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The initial deposit into an account is...
Compound Interest
Simple Interest
Interest Rate
Principal
Tags
CCSS.HSF-IF.C.8B
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest earned on both the principal and any previously
earned interest is...
Compound Interest
Simple Interest
Interest Rate
Principal
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the interest earned on option A?
$240
$1,040
$2,400
$3,200
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total value on option A?
$240
$1,040
$2,400
$3,200
Tags
CCSS.HSF.BF.A.2
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the interest earned on option B?
$4,240
$5,040
$270.58
$1,070.58
Tags
CCSS.7.RP.A.3
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