
Simple, Compound, College, etc..
Quiz
•
Mathematics
•
8th Grade
•
Medium
+5
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Used 3+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What does the "I" in the simple interest formula stand for?
Important
Interest
Internet
Igloos
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Write the percent as a decimal.
4.3%
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Calculate the interest. I = prt,
Principal = $10000,
Rate = 7%,
Time = 20 years
1400
1000
14000
14
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Use simple interest
Principal= $6500
Interest rate of 8% for 5 years. What is the total amount? (Hint:NOT INTEREST)
$2600
$910
$9100
$260
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The simple interest earned on an account for 10 years is $125. If the original deposit is $500, what is the rate?
2.5%
.025%
$625,000
625,000%
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The compound interest formula is:
A = P(1 + r)t
What does the A represent?
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Find the following Balance:
$600 invested at 6% compounded annually for 7 years.
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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