
Simple or Compound
Quiz
•
Mathematics
•
8th Grade
•
Medium
+4
Standards-aligned
Tiffany Remington
Used 3+ times
FREE Resource
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6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Steve deposited
$5,000 in a savings account that pays 4% interest compounded annually. Which
equation could be used to find the value of the account after 3 years?
A = 5,000(1 + 4)3
A = 5,000(1 + 0.04)3
A = 5,000(1 + 0.4) x 3
A = 5,000(0.04)3
Tags
CCSS.7.EE.B.3
CCSS.7.EE.B.4
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for simple interest?
Tags
CCSS.8.EE.C.7B
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The compound interest formula is:
A = P(1 + r)t
What does the A represent?
The amount of interest earned.
The amount of time that has passed.
The total amount of money after a certain amount of time.
The amount required to invest.
Tags
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.B.5
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
interest is _________
extra money paid for borrowing
interesting
Flocabulary songs
time times rate
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
When Using the compound interest formula, what is the extra step you must take to get interest?
add the principle
subtract the principle
multiply the principle
leave it alone
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Bruno was given $2000 when he turned 3 years old. His parents invested it at a 2% interest rate compounded annually. No deposits or withdrawls were made. Which expression can be used to determine how much money Bruno had in the account when he turned 16?
Tags
CCSS.HSF.BF.A.2
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