Interest
Quiz
•
Mathematics
•
3rd Grade
•
Practice Problem
•
Medium
Lucas Lobo Márquez
Used 21+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Sarka has $2500 to invest. She can invest the money in an account paying 2.5% simple interest each year, or in an account paying 2.25% compound interest each year.
Sarka will invest her money for 5 years. She will not pay any more money into the account.
Calculate how much more money Sarka will earn if she invests her money in the account that pays simple interest.
18.31
-18.31
19
20
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Maria deposits $320 in a savings account that pays 3.2% simple interest per year. Find the savings Maria will have after six years.
381.44
10.24
386.57
66.57
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Maria deposits $320 in a savings account that pays 3.2% simple interest per year. Find the interest Maria will have after six years.
381.44
10.24
66.57
386.57
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
George buys a used car for $3200, and fixes it. He decides to sell it for $3650.
What is the percentage profit that he will make (to the nearest whole number)?
14
86
14.1
85.9
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years?
5387.42
1387.42
1200
5200
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how much interest will be in the account after 5 years?
5387.42
1387.42
5200
1200
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
If you deposit $6500 into an account paying 8% annual interest compounded monthly, how much money will be in the account after 7 years
11358.24
4858.24
3640
10140
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