
Simple and Compound Interest Quiz
Passage
•
Mathematics
•
8th Grade
•
Hard
+12
Standards-aligned
Wayground Content
Used 2+ times
FREE Resource
52 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating simple interest according to the learning material?
I = P_0(1 + r)^t
I = Prt
I = P + rt
I = P(1 + rt)
Tags
CCSS.8.EE.C.7B
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For the first investment example, what is the time period given for the investment?
12 Years
15 Years
20 Years
5 Years
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the simple interest rate for the second investment example?
2.5%
3%
4%
5%
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which formula represents the calculation for compound interest in the learning material?
I = P_0(1 + r)^t
I = Prt
I = P + rt
I = P(1 + rt)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the learning material, what is the compound interest rate for the fourth investment example?
2.5%
3%
4%
5%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the learning goals related to interest in financial education?
Calculate simple and compound interest
Understand the history of banking
Learn about stock market fluctuations
Study the principles of taxation
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term is associated with the interest that does not take into account the effect of compounding?
Compound interest
Simple interest
Dividend interest
Variable interest
Tags
CCSS.7.RP.A.3
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