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Contemporary Mid-Year Pause: Consumer Math

Authored by Jennifer Westwater

Mathematics

12th Grade

CCSS covered

Used 2+ times

Contemporary Mid-Year Pause: Consumer Math
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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is the simple interest formula?

I=rt
I=prt
I=bh
I=Bh

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Before the simple interest formula can be used, what form does the rate need to be in?

decimal
years
percent
months

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Calculate the interest earned on a $4,500 savings account that earns 2.5% simple interest over three years.

$338.00
$33.80
$33.75
$337.50

Tags

CCSS.HSF.BF.A.2

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Determine the balance on a $250 account that earns 3% simple interest over 7 years.

$52.50
$302.50
$53.00
$305.00

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Monthly means how many times a year?

4 
12
52
365

Tags

CCSS.3.MD.A.1

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Semi-Annually means how many times a year?

4

2

1

6

Tags

CCSS.6.RP.A.3B

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Riley earn in 15 years?

$1,584.62
$2,651.39
$2,706.86
$1,825.10

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

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