Interest is a 'bonus' amount that you receive for investing money. It is calculated as a % of the amount you invest. If $5000 is invested and receives interest at a rate of 3% per year. How much interest do you get every year?
Year 9 Simple Interest

Quiz
•
Mathematics
•
8th - 10th Grade
•
Hard
Matthew Gardner
Used 7+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$150
$1500
$3
$30
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
With simple interest you always receive the same amount every year. If an investment gives $200 simple interest every year, how much interest will you have earned after 4 years?
$1200
$450
$204
$800
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
With simple interest you always receive the same amount every year. If an investment gives $55 simple interest every year, how much interest will you have earned after 7.5 years?
$705.20
$412.50
$627.90
$562.50
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you invest money with the bank you don't lose that original amount (principal) that you invest. So if you invest $6200 and over time receive $1100 in interest, how much money have you now got in total?
$1100
$7300
$6200
$5100
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$20 000 is invested receiving simple interest at a rate of 4% p.a. (per annum). How much interest have you earned after 5 years?
$4000
$1000
$2000
$800
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$20 000 is invested receiving simple interest at a rate of 4% p.a. (per annum). How much money do you have in total after 5 years?
$24000
$21000
$22000
$20800
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$7250.65 is invested receiving simple interest at a rate of 12.7% p.a. (per annum). How much interest have you earned after 3.5 years?
$3222.91
$3726.88
$3608.25
$3079.81
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