
Calculating Interest and Growth

Interactive Video
•
Mathematics
•
6th - 7th Grade
•
Hard

Olivia Brooks
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the annual percentage increase of the savings account?
15%
10%
5%
3%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the account is worth $110 after 3 years, what is the formula to find its value after 4 years?
$110 * 1.05
$110 * 1.10
$110 * 1.03
$110 * 1.15
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you convert a 5% increase to a decimal for calculation purposes?
0.5
5.0
0.05
0.005
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of multiplying by 1.05 in the calculation?
To add 10% interest
To subtract 5% interest
To account for 100% of the original amount plus 5% interest
To double the original amount
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What will be the value of the account after 4 years if it was $110 after 3 years?
$115.50
$116.00
$115.00
$120.00
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