Simple & Compound Interest (Mix)

Simple & Compound Interest (Mix)

8th Grade

7 Qs

quiz-placeholder

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Simple & Compound Interest (Mix)

Simple & Compound Interest (Mix)

Assessment

Quiz

Mathematics

8th Grade

Practice Problem

Medium

CCSS
7.RP.A.3, HSF.BF.A.2

Standards-aligned

Created by

Leigh Raymond

Used 5+ times

FREE Resource

7 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Joe deposited $153 in an account that earns 2.1% annual simple interest for five years. Joe will not make any additional deposits or withdrawals. How much interest has Joe earned?

$6.24

$1606.50

$16.07

$169.07

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much interest does Debbie earn off of a $82 investment at 1.3% compound interest over three years if she does not make any other deposits or withdrawals?

$3.24

$915.69

$997.69

$85.24

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bill borrowed $153 at a rate of 4.2% annual simple interest for sixty months. How much total will Bill have to repay?

$32.13

$185.13

$3366

$3213

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much total money does Peggy have after a $321 investment at 2.8% compound interest after thirty-six months if she does not make any other deposits or withdrawals?

$17292.91

$27.73

$17613.91

$348.73

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Brent put $96 into an investment at 4.3% annual simple interest for six years. Brent will not make any additional deposits or withdrawals. What will the interest be at the end of six years?

$2572.80

$120.77

$24.77

$2476.80

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you invest $823 at a compound interest rate of 3%, how much interest will you have earned after nine years if you do not make any other deposits or withdrawals?

$250.83

$2157.44

$1073.83

$1334.44

Tags

CCSS.HSF.BF.A.2

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

$754.48

$182

$1659.32

$2136.48