Exploring Simple Interest and Exponential Growth
Authored by Anthony Clark
English, Mathematics
9th Grade
CCSS covered
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A bank offers a simple interest rate of 5% per year. If you deposit $1,000, how much interest will you earn after 3 years?
$150
$200
$75
$100
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You invest $2,000 in a savings account that earns 4% simple interest annually. How much total money will you have after 5 years?
$3000
$2200
$2400
$2600
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan of $1,500 is taken out with a simple interest rate of 6% per year. What will be the total amount to be paid back after 4 years?
$1,500
$2,000
$1,200
$1,860
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you invest $800 at a simple interest rate of 3% per year, how much interest will you earn after 10 years?
$240
$120
$180
$300
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A company invests $5,000 in a project that yields a simple interest of 7% per year. How much interest will the company earn after 2 years?
$1,000
$500
$1,400
$700
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You have $1,200 in a savings account that earns 2.5% simple interest. How much interest will you earn in 6 years?
$180
$150
$240
$300
Tags
CCSS.HSF.BF.A.2
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A student borrows $900 for school with a simple interest rate of 5% per year. How much will the student owe after 3 years?
1100
950
1200
1035
Tags
CCSS.HSF.BF.A.2
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