Compounded and simple interest

Compounded and simple interest

8th Grade

10 Qs

quiz-placeholder

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Compounded and simple interest

Compounded and simple interest

Assessment

Quiz

Mathematics

8th Grade

Medium

Created by

Crystal Mendez

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Principal = $500 Interest rate =5% Time = 5 years What is the simple interest earned?

95
105
125
135

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Starting money = $350. Interest rate = 2.5% TIme = 3 years. How much simple interest?

$7.50
$26.25
$87.5
$262.50

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Principal = $800 Interest Rate = 3.5% Time = 6 months Find the simple interest earned.

14
140
168
16.80

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Calculate the simple interest. 

, Principal = $10000, Rate = 7%, Time = 20 years

1400
1000
14000
14

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

Calculate the simple interest.

Principal = $1000,

Rate = 6%,

Time = 2 years

$100

$120

$180

1200

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Caiden deposited $475 in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?

$827.52

$831.10

$839.45

$846.80

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

You borrowed $59,000 for 2 years at 11% which was compounded annually. What is the total?

$13,693.90

$1,363.90

$72,693.90

$73,793.90

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