Solve simple and compound word problems
Authored by Alex Houser
Mathematics
9th - 11th Grade
CCSS covered
Used 39+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
(Simple Interest)
What was the interest rate if your balance on an investment of $830 at the end of one year is $871.50?
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
(Simple Interest)
How much interest is earned on $140 at 7% for five years?
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
(Simple Interest)
The ending balance on an investment is $1,620.24. If the principal was invested at 8% for nine years, what was the principal?
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
(Simple Interest)
How much principal must be invested to earn $403.20 in seven years at an interest rate of 9%?
Tags
CCSS.6.EE.B.7
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
(Simple Interest)
How long must $217 be invested at a rate of 6% to earn $78.12 in interest?
Tags
CCSS.6.EE.B.7
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Compound Interest
The ending balance on an investment is $248.29. If the principal was invested at 3% compounded annually for eight years, what was the principal?
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Compound Interest
What is the interest rate if a principal of $892 earns $523.49 in interest compounded annually in six years?
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