SIMPLE AND COMPOUND INTEREST

Flashcard
•
Mathematics
•
University
•
Hard
Standards-aligned
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8 questions
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1.
FLASHCARD QUESTION
Front
Write the percent as a decimal: 4.3%
Back
0.043
2.
FLASHCARD QUESTION
Front
David invests RM10,000 in a savings account that pays 3.5% simple interest. If David makes no withdrawals or deposits to the account, how much will be in the account after 7 years?
Back
RM12,450
Tags
CCSS.7.RP.A.3
3.
FLASHCARD QUESTION
Front
Mr. Farid paid RM1,020 in simple interest for a loan at a rate of 5% for 3 years. How much money did he borrow originally?
Back
RM6,800
Tags
CCSS.7.RP.A.3
4.
FLASHCARD QUESTION
Front
Ms. Cornelius earns RM11.25 each year on an investment. What is the rate of simple interest if her initial amount invested was RM750?
Back
1.5 %
Tags
CCSS.7.RP.A.3
5.
FLASHCARD QUESTION
Front
Sarah borrowed $18,000 for 4 years at an annual simple interest rate of 7%. What is the total amount she will repay for the car loan?
Back
$23040
Tags
CCSS.7.RP.A.3
6.
FLASHCARD QUESTION
Front
You borrowed RM59,000 for 2 years at 11% compounded annually. What total will you pay back?
Back
RM72,693.90
7.
FLASHCARD QUESTION
Front
Tutty won RM3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much total will she earn in 10 years?
Back
RM4005.09
8.
FLASHCARD QUESTION
Front
Principal: RM5000 Interest Rate: 3.75% Time: 25 years Compounded Monthly State the future account balance.
Back
RM12,749.30
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