Calculate the interest earned on a $4,500 savings account that earns 2.5% simple interest over three years.
Calculate Interest Rate

Quiz
•
Mathematics
•
8th Grade
•
Hard
Anthony Clark
FREE Resource
19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
$338.00
$33.80
$33.75
$337.50
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Determine the simple interest earned: p= $2000 r= 4.6% t= 4 years
$2370.00
$348.00
$2368.00
$368.00
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?
$7.50
$26.25
$87.5
$262.50
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?
$800
$1,000
$1,200
$1,500
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What was the annual interest rate the account earns?
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Jane received $875 from her graduation party. She put the money in a bank with a 4% simple interest rate. How much interest will she have earned after 7 years?
$205
$225
$245
$2,250
$2,450
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Ethan borrowed $2,190 for a new dirt bike. He will pay the money back in 3 years with a simple interest rate of 2.5%. How much interest will he pay?
$164.25
$172.75
$1,642.50
$1,727.50
$ 2,354.25
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