Simple and Compound Interest
Authored by Michael Freeman
Mathematics
8th Grade
CCSS covered
Used 3+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Write the percent as a decimal.
4.3%
Tags
CCSS.7.RP.A.3
CCSS.7.NS.A.3
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Julie borrowed $3,500 for 3 years at 7½% simple interest rate.
How much interest is that?
How much interest is that?
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Ann puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?
Tags
CCSS.6.RP.A.3C
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
David
invests $10,000 in a savings account that pays 3.5% simple interest. If David
makes no withdrawals or deposits to the account, how much will be in the
account after 7 years.
$2,450
$11,750
$12,450
Not here
Tags
CCSS.HSF.BF.A.2
6.
MULTIPLE CHOICE QUESTION
3 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
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Beyonce went to the mall and saw a massage chair that she would have to take a loan out for $6500 to purchase. The bank said that she could get a simple interest rate of 8% for 5 years. What is the total amount that Beyonce will pay for the chair?
Tags
CCSS.HSF.BF.A.2
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