Simple and Compound Interest
Authored by Shannon Martin
Mathematics
8th Grade
CCSS covered
Used 1+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Your 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?
Tags
TEKS.MATH.2A.5B
TEKS.MATH.A.9C
2.
MULTIPLE CHOICE QUESTION
15 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
TEKS.MATH.2A.5B
TEKS.MATH.A.9C
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Find the compound interest:
Principal: $1735
Interest Rate: 0.8%
Time: 1 year
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for simple interest?
5.
MATH RESPONSE QUESTION
30 sec • 1 pt
Garrison deposited $500 in an account that earns 5% annual interest compounded annually. If he makes no withdrawals or deposits, how much interest will the account earn after 4 years?
Mathematical Equivalence
ON
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr. Diable invested $3,500 in a 7 year CD that pays 4.2% interest compounded annually. How much interest will the CD earn over the 7 years?
$147.00
$245.00
$1,168.12
$4,668.12
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.B.4
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the formula for calculating compound interest?
Tags
TEKS.MATH.2A.5B
TEKS.MATH.A.9C
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