simple and compund interest

simple and compund interest

6th - 9th Grade

4 Qs

quiz-placeholder

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simple and compund interest

simple and compund interest

Assessment

Quiz

Mathematics, Other

6th - 9th Grade

Easy

CCSS
7.RP.A.3, 8.EE.C.7B, HSF-LE.A.1C

Standards-aligned

Created by

Alicia Tinajero

Used 51+ times

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4 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

If you are calculating the simple interest and you are given the time in months. How can you find the time in years?

divide 12 by the months

divide the months by 12

multiply 12 times the months

change the months to a decimal

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Write the percent as a decimal.

4.3%

4.3

.43

.043

4300

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

$800

$1,000

$1,200

$1,500

Tags

CCSS.8.EE.C.7B

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

If $1,000 is invested at 16% interest, compounded annually, for five years, what is the ending balance?

$1,225,54

$2,100.34

$22,255.40

$225.54

Tags

CCSS.HSF-LE.A.1C

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