Simple and Compound Interest Review
8th Grade
•26 Qs
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Simple and Compound Interest Review
Quiz
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Mathematics
•
8th Grade
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Practice Problem
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Medium
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26 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
Tags
CCSS.HSF.BF.A.2
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Beyonce went to the mall and saw a massage chair that she would have to take a loan out for $6500 to purchase. The bank said that she could get a simple interest rate of 8% for 5 years. What is the total amount that Beyonce will pay for the chair?
Tags
CCSS.HSF.BF.A.2
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Change 6.75% to a decimal.
Tags
CCSS.5.NBT.A.3
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Find the total amount in the account to the nearest cent if the interest is compounded annually.
$2750 at 8% for 2 years
Tags
CCSS.HSF-LE.A.1C
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The simple interest formula is I=Prt. What does the t represent?
Tags
CCSS.8.EE.C.7B
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Justin felt it wasn't to late to say sorry and borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
Tags
CCSS.7.RP.A.3
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