8.12D Practice

8.12D Practice

8th Grade

10 Qs

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8.12D Practice

8.12D Practice

Assessment

Quiz

Mathematics

8th Grade

Medium

8.12.D

Standards-aligned

Created by

Tre' Van Jones

Used 6+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A student's parents invested $5,000 in a college savings account that pays 4.85% annual simple interest. No additional deposits or withdrawals will be made.

Which amount is closest to the interest earned on the account at the end of 15 years?

$5,174.11

$10,174.11

$3,637.50

$8,637.50

Tags

8.12.D

2.

FILL IN THE BLANK QUESTION

3 mins • 1 pt

Mr. Jenkins deposited $1,250 into an account. He made no additional deposits or withdrawals. Mr. Jenkins earned 4.25% annual simple interest on the money in the account.

What was the balance in dollars and cents Mr. Jenkins's account at the end of 4 years?

Tags

8.12.D

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

An employee put $5,000.00 in a retirement account that offers 9% interest compounded annually. The employee makes no additional deposits or withdrawals. Which amount is closest to the interest the employee will have earned at the end of 5 years?

$229.09

$450.00

$2,250.00

$2,693.12

Tags

8.12.D

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Mr. Wilkins deposited $2,500.00 into a new account at his bank.

The bank pays 6.5% interest compounded annually on this account.

Mr. Wilkins makes no additional deposits or withdrawals.

Which amount is closest to the balance of the account at the end of 2 years?

$2,835.56

$2,513.00

$2,662.50

$2,825.00

Tags

8.12.D

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

An investor puts $2,500 into a life insurance policy that pays 8.5% simple annual interst. If no additional investment is made into the policy, how much accumulated interest should the investor expect at the end of 10 years?

$21,250.00

$2,125.00

$212.50

$21.25

Tags

8.12.D

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?

$827.52
$831.10
$839.45
$846.80

Tags

8.12.D

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What would be the total amount of your student loan, if you had to pay back a loan of $10,550, at a simple interest rate of 3% over the course of 10 years ?

$13,715

$3165

$31,650

$10,550

Tags

8.12.D

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