8.12D Practice
Quiz
•
Mathematics
•
8th Grade
•
Medium
Standards-aligned
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?
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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