Simple & Compound Interest 8.12D
Quiz
•
Mathematics
•
8th Grade
•
Medium
+3
Standards-aligned
Jesus Vazquez Gonzalez
Used 5+ times
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4 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
Principal = $500 Interest rate =5% Time = 5 years. What is the interest earned?
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
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
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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