Simple and compound interest
Authored by Mary Combrink
Mathematics
8th Grade
CCSS covered
Used 31+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the simple interest for a loan with principal of $10,000, an interest rate of 6% and a time of 4 years?
$600
$2400
$24,000
$12,400
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the simple interest for a loan with principal of $2,500, an annual interest rate of 6.25% and a time of 18 months?
$112.50
$2,812.50
$15, 625
$234.38
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A high school graduate works full time. She needs to borrow $1,500 to attend the local junior college, but she won't be able to pay it back for 2 years. Should she take out a loan for 18 percent annual simple interest,, or a loan with 12 percent annual compound interest?
The simple interest loan because the interest is $540.
The compound interest loan because the interest is $1881.60
The simple interest loan because the interest is $2040.
The compound interest loan because the interest is $381.60.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Choose the best loan option.
A
B
C
D
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.CED.A.3
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which amount is closest to the amount of interest?
F
G
H
J
Tags
CCSS.HSF-LE.A.1C
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
F
G
H
J
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
F
G
H
J
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
