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Simple & Compound Interest 8.12D

Authored by Jesus Vazquez Gonzalez

Mathematics

8th Grade

CCSS covered

Used 5+ times

Simple & Compound Interest 8.12D
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4 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

Media Image

Principal = $500 Interest rate =5% Time = 5 years. What is the interest earned?

95
105
125
135

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

Emilio borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back total in 2 years?

$150
$192
$1350
$1392

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

Media Image

You take out a car loan. How much will you pay in total for the car, if your loan is for $8000, at a simple interest rate of 5% interest, over 3 years?

$1,200

$120

$920

$9,200

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

You borrowed $59,000 for 2 years at 11% which was compounded annually. What is the total?

$13,693.90

$1,363.90

$72,693.90

$73,793.90

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

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