
Advanced Topics Compound Simple Interest
Authored by Laura Mack
11th Grade
CCSS covered
Used 1+ times

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7 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A bank is offering 2.5% simple interest on a savings account. If you deposit $5,000, how much interest will you earn in three years?
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Sarah borrowed $18,000 for 4 years at an annual simple interest rate of 7%. How much interest will she pay at the end of the 4 years?
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The simple interest formula is I=Prt. What does the t represent?
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
15 mins • 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.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?
Tags
CCSS.HSF-LE.A.1C
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back?
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You invested $1,900 at 4% interest compounded annually for 3 years. How much interest did you earn in 3 years?
Tags
CCSS.HSF.BF.A.2
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