
Identifying different types of interest
Authored by Amanda Cooney
Mathematics
11th - 12th Grade
CCSS covered
Used 7+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ashleigh borrowed $4,000 from Katelyn at 4% simple interest for 3 months.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Armond is investing $40 per month in an investment account which earns 4% interest. How much will he have in 20 years?
Tags
CCSS.HSF.BF.A.2
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bryan invested $5,000 at 3% interest compounded annually. How much will he have in 4 years?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Allie is buying a car for $12,000 at 5.5% interest. How much will her monthly payment be?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Chris knows that in 5 years he needs to have $20,000 for his son to go to college, so he is setting up a quarterly sinking fund which earns 7% interest. How much will his quarterly payment be?
Tags
CCSS.8.EE.C.7B
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jenna put $8,000 into an account earning 3% interest compounded monthly. How much will she have in 10 years?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Alyn is buying a house for $100,000 and was approved for a 5% loan. How much will her monthly payment be?
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