Calculating for Interest

Quiz
•
Mathematics
•
7th Grade
•
Hard
Standards-aligned
Anthony Clark
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How much money do you need to invest at 2.8% compounded continuously in order to have $25,500 at the end of 8 years? Round your answer to the nearest dollar
$20,383
$2,715
$27,147
$2,038
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
$150
$192
$1350
$1392
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest will be earned?
$7.50
$26.25
$87.5
$262.50
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?
95
105
125
135
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?
$120
$144
$1,200
$1,440
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How do you calculate the balance in an account, with interest?
Subtract the interest from the principle amount
Multiply the principle, rate and time
Add the interest to the principle amount
Add the principle amount and the time
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What would be the total amount of your student loan, if you had to pay back a loan of $10,550, at a rate of 3% over the course of 10 years ?
(Find the amount of interest and add it back to the amount of the loan.)
$13,715
$3165
$31,650
$10,550
Tags
CCSS.7.RP.A.3
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