Simple and Compound Interest

Find the compound interest:
Principal: $1735
Interest Rate: 0.8%
Time: 1 year

• $1,388

• $138.80

• $13.88

• None of the answers are correct.

Tags

CCSS.7.RP.A.3

What is the formula for simple interest?

• A=P(1+r)^t
• I=Prt
• I=P(1+r)t
• A=Prt

Garrison deposited $500 in an account that earns 5% annual interest compounded annually. If he makes no withdrawals or deposits, how much interest will the account earn after 4 years?

Mathematical Equivalence

ON

Tags

CCSS.HSF.BF.A.2

Which is the formula for calculating compound interest?

• 
• 

Mark got a 4-year simple interest loan for $1750, but he ended up having to pay back $2114. What was the interest rate? (you need to round)

• 30.2%

• 0.302%

• .052%

• 5.2%

I deposited $46,875 into a simple interest, and at the end of 1 year 8 months, the account had grown to $50,000. Find the rate of interest per year.

• 64%

• 4%

• 4.167%

• 66 2/3%

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

• $7.50

• $26.25

• $87.5

• $262.50

Tags

CCSS.7.RP.A.3

Ivan deposits $5,000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years?

What is the principle? ​ (a)  

What is the rate? ​ (b)  

What is the time? ​ (c)  

• $5,000
• 5%
• 3 years

Tags

CCSS.7.RP.A.3

Your 3 year investment of $20,000 received 5.2% interest compounded annually.  What is your total return?

• $23,285.05
• $3,285.05
• $2,385
• $32,285

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