simple and compound interest practice

simple and compound interest practice

8th Grade

20 Qs

quiz-placeholder

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simple and compound interest practice

simple and compound interest practice

Assessment

Quiz

Mathematics

8th Grade

Easy

TEKS
MATH.7.4D, MATH.2A.5B, MATH.A.9C

Standards-aligned

Created by

Christie Thompson

Used 13+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

$160

$800

$80,000

$16

Tags

TEKS.MATH.7.4D

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the simple interest paid on a loan of $750 with an 18% rate over 2 years.

$135

$13,500

$270

$27,000

Tags

TEKS.MATH.7.4D

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the simple interest paid on a deposit of $225 at a rate of 1.5% over 2 years.

$6.75

$3.375

$2,278.13

$6,750

Tags

TEKS.MATH.7.4D

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

When Loofa was born, her parents put $8,000 into a college fund account that earned 9% simple interest. Find the amount of interest earned after 18 years.

$720

$20,960

$1,080

$12,960

Tags

TEKS.MATH.7.4D

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Maria borrowed $3,000 at a simple interest rate of 4% per year.  How much did she have to repay after 4 years?

$480
$3,480
$4,800
$7,800

Tags

TEKS.MATH.7.4D

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Calculate the interest earned on a $4,500 savings account that earns 2.5% simple interest over three years.

$338.00
$33.80
$33.75
$337.50

Tags

TEKS.MATH.7.4D

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Determine the simple interest earned:  p= $2000  r= 4.6%  t= 4 years

$2370.00
$348.00
$2368.00
$368.00

Tags

TEKS.MATH.7.4D

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