Comparing Simple and Compound Interest

Interest earned on the principal is...

• Compound Interest

• Simple Interest

• Interest Rate

• Principal

Tags

CCSS.7.RP.A.3

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

The initial deposit into an account is...

• Compound Interest

• Simple Interest

• Interest Rate

• Principal

Tags

CCSS.HSF-IF.C.8B

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

What is the interest earned on option A?

• $240

• $1,040

• $2,400

• $3,200

Tags

CCSS.7.RP.A.3

What is the total value on option A?

• $240

• $1,040

• $2,400

• $3,200

Tags

CCSS.HSF.BF.A.2

What is the interest earned on option B?

• $4,240

• $5,040

• $270.58

• $1,070.58

Tags

CCSS.7.RP.A.3

What is the total value on option B?

• $4,240

• $5,040

• $270.58

• $1,070.58

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

Which is the better option?

• Option A

• Option B

• Neither one

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.2

CCSS.HSA.SSE.A.1

What is the interest earned on option A?

• $2,400

• $5,400

• $656.98

• $3,656.98

Tags

CCSS.HSF.BF.A.2