Why does interest matter?
11.3 Simple Interest and Compound Interest

Interactive Video
•
Erni HT
•
Mathematics
•
11th Grade
•
1 plays
•
Easy
6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
a. To help you understand your bank statement
b. To learn about saving and investing
c. Both a and b
d. None of the above
2.
OPEN ENDED QUESTION
3 mins • 3 pts
If you start with $100 in a savings account that offers 5% annual interest, how much would you have after 2 year with simple interest?
[Formula to find simple interest = P x R x T]
Evaluate responses using AI:
OFF
3.
OPEN ENDED QUESTION
3 mins • 3 pts
If you start with $100 in a savings account that offers 5% annual interest compounded annually, how much would you have after 2 years?
[Formula to find the amount received when using compound interest = P x (1+R)T
Evaluate responses using AI:
OFF
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the main advantage of compound interest over simple interest?
It's easier to calculate
It grows faster over time
It's better for borrowers
It's more common in banking
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which type of interest is generally better for debts and loans
Simple Interest
Compound Interest
They are equally good for debts and loans
It depends on the specific situation
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why is understanding the difference between simple and compound interest important?
a. To make informed decisions about saving and investing
b. To have a clearer picture of how your money is working for you
c. Both a and b
d. None of the above
Similar Resources on Quizizz
10 questions
Compound Interest

Quiz
•
9th - 12th Grade
10 questions
Compound Interest

Quiz
•
11th Grade
10 questions
Simple and Compound Interest Word Problems

Quiz
•
8th Grade - University
10 questions
Simple Interest / Compound Interest

Quiz
•
9th - 12th Grade
12 questions
Calculating for Interest

Quiz
•
7th Grade - University
10 questions
SIMPLE AND COMPOUND INTEREST

Quiz
•
11th Grade
11 questions
Interest Calculator

Quiz
•
11th Grade - University
12 questions
simple interest

Quiz
•
9th - 12th Grade
Popular Resources on Quizizz
39 questions
Respect and How to Show It

Quiz
•
6th Grade
20 questions
math review

Quiz
•
4th Grade
20 questions
Math Review - Grade 6

Quiz
•
6th Grade
20 questions
Reading Comprehension

Quiz
•
5th Grade
20 questions
Types of Credit

Quiz
•
9th - 12th Grade
20 questions
Taxes

Quiz
•
9th - 12th Grade
10 questions
Human Body Systems and Functions

Interactive video
•
6th - 8th Grade
20 questions
Multiplication Facts

Quiz
•
3rd Grade
Discover more resources for Mathematics
15 questions
Central Tendency

Quiz
•
9th - 12th Grade
20 questions
TSI Post Test

Quiz
•
9th - 12th Grade
20 questions
Probability TSI

Quiz
•
9th - 12th Grade
20 questions
Multiplication and Division Facts

Quiz
•
3rd - 12th Grade
20 questions
3rd Grade Review

Quiz
•
KG - University
26 questions
NC Math 1 EOC Review

Quiz
•
9th - 12th Grade
33 questions
Algebra 2 Sem 2 Exam REVIEW

Quiz
•
11th Grade
24 questions
NC Math 3 EOC Review

Quiz
•
9th - 12th Grade