simple and compoud interest

A bank is offering 2.5% simple interest on a savings account.  If you deposit $5,000, how much interest will you earn in three years?

• $5375
• $375
• $37500
• $42500

Tags

CCSS.7.RP.A.3

View question in the picture then select the best answer

• $53.13

• $212.50

• $1462.50

• $21,250

Tags

CCSS.7.RP.A.3

What does the "I" in the interest formula stand for?

• Important
• Interest
• Internet
• Igloo

Tags

CCSS.7.EE.B.4A

Write the percent as a decimal. 
4.3%

• 4.3
• .43
• .043
• 4300

Lizbeth has a savings account with $2500 in it. The bank gives her a simple interest rate of 2% for each year. How much money will she have in TOTAL after 10 years?

• $5000

• $500

• $7000

• $3000

Tags

CCSS.7.RP.A.3

View question in the picture then select the best answer

• F

• G

• H

• J

Tags

CCSS.HSF.BF.A.2

Rosie will deposit $1,420 in an account that earns 4% simple interest every year for 4 years. Her sister Avery will deposit $1,400 in an account that earns 6% interest compounded annually for 4 years.  What is the difference in the amount earned between the two sisters over the 4 years?

• Rosie will earn $120.27 more than Avery.
• Avery will earn $1540.27 more than Rosie.
• Rosie will earn $1540.27 more than Avery.
• Avery will earn $120.27 more than Rosie.

View question in the picture then select the best answer

• F

• G

• H

• J

Melanie wants to put $8,000 into a savings account.

BANK A - simple interest of 5% for 10 years

BANK B - compound interest of 5% for 10 years

Which bank will give her the most money in TOTAL?

• Bank A - $62,000

• Bank B - $13,031

• Bank A - $12,000

• Bank B - $16,289

John deposited $2,000 into a savings account. How much will John have in his account after 7 years at a simple interest rate of 3¼%?

• $2455

• $455

• 4550

• 6550

Tags

CCSS.7.RP.A.3