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Simple and Compound Interest

Authored by Tr.kevin Mollerstrom

Mathematics

7th - 10th Grade

Used 3+ times

Simple and Compound Interest
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13 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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How much was in the account in 2017?

$10,000

$12,000

$14,000

$16,000

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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How much interest is he earning each year?

$450

$460

$470

$480

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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How much will be in the account in the year 2037?

$20,400

$21,000

$21,600

$21,300

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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What was the simple interest rate given at this bank?

5%

2%

3%

4%

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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How much was in the account in 2017?

$25,000

$30,000

$35,000

$40,000

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What was the interest rate?

5%

6%

7%

8%

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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How much money will be in the account in the year 2050?

$170,014.65

$171,755.95

$171,014.75

$188,244.05

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