Borrowing money and investments

Borrowing money and investments

10th Grade

15 Qs

quiz-placeholder

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Borrowing money and investments

Borrowing money and investments

Assessment

Quiz

Mathematics

10th Grade

Hard

CCSS
7.RP.A.3, 7.EE.B.3, 7.RP.A.2

Standards-aligned

Created by

Maman Firmansyah

Used 16+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 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?
$150
$192
$1350
$1392

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Dan borrowed $2,000 for 6 months at 12% annual simple interest rate. How much interest is that?
$120
$144
$1,200
$1,440

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. What rate of interest did she pay?
6%
6%
8%
9%

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% in simple interest. What will be his balance after 15 years?
$270.75
$745.75
$2,707.50
$846.80

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

John put 14,000 Euros in an account at a simple interest rate of 1% per year.  How much interest will he get after 12 years?
16,800 Euros
168,000 Euros
1,680 Euros

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

After 12 years, a deposit of $10,000 into your college account has earned $6,000 in interest payments. What simple interest rate did the account earn?

50%

5%

500%

7.5%

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

Calculate the total amount repaid to buy the laptop with a $2500 loan.

$750

$2750

$3250

$3500

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