Year 9 Simple Interest

Year 9 Simple Interest

8th - 10th Grade

18 Qs

quiz-placeholder

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Year 9 Simple Interest

Year 9 Simple Interest

Assessment

Quiz

Mathematics

8th - 10th Grade

Hard

Created by

Matthew Gardner

Used 7+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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?

$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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