Simple & Compound Interest
18 Qs
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Simple & Compound Interest
Quiz
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Mathematics
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Practice Problem
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Medium
VANESSA BARBOSA
Used 3+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A bank is offering 2.5% simple interest on a savings account. If you deposit $5,000, how much interest will you earn in three years?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A bank is offering 2.5% simple interest on a savings account. If you deposit $5,000, what will be the total amount of money in your savings account after three years?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sarah borrowed $18,000 for 4 years at an annual simple interest rate of 7%. How much interest will she pay at the end of the 4 years?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sarah borrowed $18,000 for 4 years at an annual simple interest rate of 7%. What is the total amount she will repay for the car loan?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John deposited $2,000 into a savings account. How much will John have in his account after 7 years at a simple interest rate of 3¼%?
$2455
$455
4550
6550
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A bank is offering 7% annual compound interest on a savings account. If you deposit $1,500, what will be the total amount of money in your savings account after three years?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A bank is offering 7% annual compound interest on a savings account. If you deposit $1,500, how much interest will you earn in three years?
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