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Financial Math: Simple Interest

Authored by Jeff Da Moude

Mathematics

9th - 12th Grade

CCSS covered

Used 10+ times

Financial Math: Simple Interest
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15 questions

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1.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

Find the simple interest after two years.

Principal= $2500

Annual rate of interest= 8%

Interest= ?



(a)  

Tags

CCSS.HSF.BF.A.2

2.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

Find the total amount after five years.

Principal= $1,000

Annual rate of interest= 7.5%

Total with Interest= ?



(a)  

Tags

CCSS.HSF.BF.A.2

3.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

Find the annual percentage rate if the period of time is five years.

Principal= $1,000

Annual rate of interest= ?

Total with Interest= $2,250



(a)  

Tags

CCSS.8.EE.C.7B

4.

DROPDOWN QUESTION

1 min • 1 pt

Luis 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 principal? ​ (a)  

What is the rate? ​ (b)  

What is the time? ​ (c)  

$5,000
5%
3 years

Tags

CCSS.HSF.BF.A.2

5.

MATH RESPONSE QUESTION

5 mins • 1 pt

Blayne 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?

Mathematical Equivalence

ON

Tags

CCSS.7.RP.A.3

6.

DRAG AND DROP QUESTION

1 min • 1 pt

$300
6%
5 years
$90

Tags

CCSS.7.RP.A.3

7.

MATH RESPONSE QUESTION

5 mins • 1 pt

Jane deposits $3000 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 5 years?

Mathematical Equivalence

ON

Tags

CCSS.7.RP.A.3

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