
Simple & Compound Interest
Quiz
•
Mathematics
•
7th - 8th Grade
•
Medium
Stephanie Brown
Used 1+ times
FREE Resource
Enhance your content in a minute
6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The simple interest formula is I=Prt. And for compound interest, the formula is A=P(1+r)t. The P represents the principle. The principle is ___________________.
the amount of money borrowed or deposited
the amount taxed
the percent interest for this year
the amount the bank owes you for being a customer at their bank
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Ann puts $300 in a bank account earning 4% interest. How much will she earn in simple interest in 1 year?
4
8
12
16
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
I = Prt where r represents the rate. Rates must be converted into ____ before multiplying.
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Smithville Bank is offering each of it's customers a record 3.4% simple interest on new savings account. If Mr. Thomas opens an account with $1,500, how much interest will he earn in 3 years?
$15,300
$1,530
$153
The answer is not shown
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Find the compound interest:
Principal: $1735
Interest Rate: 0.8%
Time: 1 year
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
3) Jose invests $200 into an account at a rate 2%. He plans on keeping the account open for 15 years. If it is a compound interest account, about how much money will he have in the account after 15 years?
Similar Resources on Wayground
10 questions
Rate and Math Problems
Quiz
•
7th - 12th Grade
11 questions
HTAC MATHEMATICS 7 QUIZ BEE
Quiz
•
7th Grade
10 questions
Revision 2
Quiz
•
7th Grade
10 questions
Unit 9 Expressions and formulae review
Quiz
•
8th Grade
10 questions
Latihan soal KSN matematika SD
Quiz
•
5th - 12th Grade
10 questions
Pop quiz #2: Unit 3
Quiz
•
8th Grade
11 questions
Unit 6 review
Quiz
•
7th Grade
10 questions
Fun Activity
Quiz
•
7th Grade
Popular Resources on Wayground
5 questions
This is not a...winter edition (Drawing game)
Quiz
•
1st - 5th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
10 questions
Identify Iconic Christmas Movie Scenes
Interactive video
•
6th - 10th Grade
20 questions
Christmas Trivia
Quiz
•
6th - 8th Grade
18 questions
Kids Christmas Trivia
Quiz
•
KG - 5th Grade
11 questions
How well do you know your Christmas Characters?
Lesson
•
3rd Grade
14 questions
Christmas Trivia
Quiz
•
5th Grade
20 questions
How the Grinch Stole Christmas
Quiz
•
5th Grade
Discover more resources for Mathematics
10 questions
Identify Iconic Christmas Movie Scenes
Interactive video
•
6th - 10th Grade
15 questions
Solving Equations with Variables on Both Sides Review
Quiz
•
8th Grade
20 questions
Solving Systems of Equations by Graphing
Quiz
•
8th Grade
15 questions
Christmas Movie Trivia
Quiz
•
7th Grade
25 questions
Christmas Trivia
Quiz
•
8th Grade
20 questions
Scatter Plots and Line of Best Fit
Quiz
•
8th Grade
12 questions
8th U4L11 On Both of the Lines
Quiz
•
8th Grade
33 questions
Algebra 1 Semester 1 Final 2025
Quiz
•
8th - 10th Grade
