Calculating Simple and Compound Interest

Calculating Simple and Compound Interest

9th Grade

10 Qs

quiz-placeholder

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Calculating Simple and Compound Interest

Calculating Simple and Compound Interest

Assessment

Quiz

Mathematics

9th Grade

Hard

Created by

Mia Hahn

Used 8+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Javier deposited $5000 in a savings account with a simple interest rate of 5.5% per year. After 3 years, the total amount in his account was $__________.

5825

8250

15750

5500

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Javier invested $4000 in a savings account with a simple interest rate of 6% per year. After 4 years, the total amount in his account was $__________.

4960

6240

9600

6400

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Emily deposited $850 in a savings account that compounds annually with an interest rate of 4.8% per year. After 10 years, the total amount in her account was $__________.

1358.41

1450.89

1320.45

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Emily invested $900 in a savings account that compounds annually with an interest rate of 5% per year. After 8 years, the total amount in her account was $__________.

1329.71

1400.56

1350.31

1337.74

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You invest $5000 in a savings account with an annual interest rate of 4% compounded quarterly. Calculate the total amount in the account after 10 years.

7401.22

7453.47

7444.32

7500.00

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You deposit $6000 in a savings account with an annual interest rate of 3.5% compounded quarterly. Calculate the total amount in the account after 8 years.

7831.45

7929.12

8000.89

8104.12

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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