Comparing Simple and Compound Interest

Comparing Simple and Compound Interest

7th - 8th Grade

15 Qs

quiz-placeholder

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Comparing Simple and Compound Interest

Comparing Simple and Compound Interest

Assessment

Quiz

Mathematics

7th - 8th Grade

Practice Problem

Medium

CCSS
7.RP.A.3, HSA.CED.A.1, HSF.BF.A.2

+6

Standards-aligned

Created by

Kirstin Grant

Used 17+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest earned on the principal is...

Compound Interest

Simple Interest

Interest Rate

Principal

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The percent of the principal that is earned in return for

loaning the bank the funds is...

Compound Interest

Simple Interest

Interest Rate

Principal

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The initial deposit into an account is...

Compound Interest

Simple Interest

Interest Rate

Principal

Tags

CCSS.HSF-IF.C.8B

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest earned on both the principal and any previously

earned interest is...

Compound Interest

Simple Interest

Interest Rate

Principal

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the interest earned on option A?

$240

$1,040

$2,400

$3,200

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the total value on option A?

$240

$1,040

$2,400

$3,200

Tags

CCSS.HSF.BF.A.2

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the interest earned on option B?

$4,240

$5,040

$270.58

$1,070.58

Tags

CCSS.7.RP.A.3

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