7th 10.4A Calculating Interest
Authored by Regina Jackson
Mathematics
7th Grade
Used 9+ times
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17 questions
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1.
MATCH QUESTION
1 min • 1 pt
Match each variable with the correct definition.
principal
I
rate
t
interest earned
r
time
P
account balance
A
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When using the the simple interest or compound interest formula, time should be in _____.
weeks
months
years
decades
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mrs. Baxter deposits $2,000 in an account that earns 5% simple interest. How much is Mrs. Baxter's investment worth after 8 years?
Which formula will you use to solve this problem?
4.
DROPDOWN QUESTION
1 min • 1 pt
Mrs. Baxter deposits $2,000 in an account that earns 5% simple interest. How much is Mrs. Baxter's investment worth after 8 years?
Complete the formula for this problem?
I = p ⋅ r ⋅ t
I = (a) ⋅ (b) ⋅ (c)
5.
MATH RESPONSE QUESTION
2 mins • 1 pt
Mrs. Baxter deposits $2,000 in an account that earns 5% simple interest. How much is Mrs. Baxter's investment worth after 8 years?
Answer: $____
Mathematical Equivalence
ON
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Joey made a deposit into an account that earns 6% simple interest. After 3 years, Joey had earned $400. How much was Joey's initial deposit?
Which formula will you use to solve this problem?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Joey made a deposit into an account that earns 6% simple interest. After 3 years, Joey had earned $400. How much was Joey's initial deposit?
Which formula should be used to solve this problem?
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