
Calculating, Comparing Simple and Compound Interest
Authored by Elizabeth Alikah
Mathematics
8th Grade
CCSS covered
Used 7+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Olivia will deposit $1,530 in an account that earns 6% simple interest every year. Her sister Melinda will deposit $1,500 in an account that earns 8% interest compounded annually. The deposits will be made on the same day, and no additional money will be deposited or withdrawn from the accounts. Which statement about the balances of Olivia's account and Melinda's account at the end of 3 years is true?
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSA.SSE.A.1
CCSS.HSA.REI.B.3
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Isabella deposited $2,000 in an account that pays 5% simple annual interest. After one year how much interest will her investment pay?
Tags
CCSS.HSF.BF.A.2
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Mr. Wilkins deposited $2,500 in a new account at his bank.
*The bank pays 6.5% interest compounded annually on this account.
*Mr. Wilkins makes no additional deposits or withdrawals.
Which amount is closest to the balance of the account at the end of 2 years?
Tags
CCSS.HSF-LE.A.1C
4.
MULTIPLE CHOICE QUESTION
15 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% compounded annually. What will be his balance after 15 year?
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.2
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
I invest $3000 for 4 years at 3%. per annum compound interest. Find the total money I have in the bank after 4 years ?
$3376.52
$3376
$3377
$376.52
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.2
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Pepper Potts deposited $4500 in a bank account at 4% per annum compound interest. Find the interest which she earns at the end of 5 years.
$5575
$975
$5475
$974
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?
Similar Resources on Wayground
10 questions
COMPOUND AND SIMPLE INTEREST
Quiz
•
8th Grade
10 questions
2023 STEAM Week Math Quiz
Quiz
•
6th - 8th Grade
10 questions
Providing the Pythagorean Theorem
Quiz
•
8th Grade
11 questions
The Number System
Quiz
•
7th - 8th Grade
10 questions
Triangular Prism
Quiz
•
8th - 9th Grade
10 questions
Ratio and Proportions Practice
Quiz
•
7th Grade - University
10 questions
Variation
Quiz
•
7th - 10th Grade
10 questions
March MATHness Grade 7 Week 3
Quiz
•
6th - 8th Grade
Popular Resources on Wayground
7 questions
History of Valentine's Day
Interactive video
•
4th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
15 questions
Valentine's Day Trivia
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
Discover more resources for Mathematics
20 questions
Laws of Exponents
Quiz
•
8th Grade
20 questions
Graphing Inequalities on a Number Line
Quiz
•
6th - 9th Grade
16 questions
2022 Winter Olympics Medal Table
Passage
•
6th - 8th Grade
20 questions
Complementary Supplementary Vertical Adjacent Angles
Quiz
•
8th Grade
20 questions
One Step equations addition and subtraction
Quiz
•
5th - 8th Grade
12 questions
Volume of cones and cylinders
Quiz
•
8th Grade
20 questions
Slope from a Graph
Quiz
•
8th Grade
15 questions
Combine Like Terms and Distributive Property
Quiz
•
8th - 9th Grade