Simple and Compound interest

Simple and Compound interest

12th Grade

15 Qs

quiz-placeholder

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Simple and Compound interest

Simple and Compound interest

Assessment

Quiz

Mathematics

12th Grade

Medium

CCSS
7.RP.A.3, 8.EE.A.1, HSF.BF.A.2

+3

Standards-aligned

Created by

Amer Marrero

Used 8+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

$7.50
$26.25
$87.5
$262.50

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

1 min • 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?

$150
$192
$1350
$1392

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

$800
$1,000
$1,200
$1,500

Tags

CCSS.HSF.BF.A.2

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The rate is given as a percent (%).  Before using it in the simple interest formula, you must first convert it to a______.

fraction
decimal
ratio
dollar amount

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Javon has a credit card with a $1,583 balance. His interest rate is 8.8%. If he does not pay for 3 years, how much interest does he owe?

$4,179
$417.91
$133,930
$41,791

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Karla earn in 15 years?

$1,584.62
$2,651.39
$2,706.86
$1,825.10

Tags

CCSS.HSF-LE.A.1C

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Monthly means how many times a year?

12
52
365

Tags

CCSS.4.MD.A.1

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