
untitled
Quiz
•
Mathematics
•
8th Grade
•
Practice Problem
•
Easy
Standards-aligned
Joycelyn Anani
Used 1+ times
FREE Resource
Enhance your content in a minute
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Daniel invests $360 in a bank account that is compounded annually for 8 years with an interest rate of 5.5%. What will be the total amount in the account after the 8 years is over?
$625.88
$950.12
$315.45
$552.49
Tags
CCSS.HSF-LE.A.1C
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Chris borrows $450 from Gavin. Gavin lets Chris choose either a simple interest loan for 10 years with a 3.5% interest rate or a loan compounded annually for 7 years with a 2% interest rate. Which should Chris choose if he wants the cheaper plan? Use I=P*r*t for simple interest (make sure to add I plus P at the end) and A=P*(1+r)t for compound interest.
The simple interest plan
The compound interest plan
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trevor wants to have $4000 saved up in 3 years for a car. If he invests $1500 in a savings account that is compounded annually at an interest rate of 12%, will he have enough money at the end of the 4 years?
Yes
No
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Julia invested $1000 for college in an account earning 5% compounded annually. When she checked the account after 4 years, how much money did she find in the account?
Not enough
$563.24
$1215.51
$3200.12
Tags
CCSS.HSF-LE.A.1C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you wanted to amount of interest an account has earned after being compounded annually. What would you have to do after you found "A" using the formula A=P(1+r)t ?
Add A (total amount) plus P (original amount)
Subtract A (total amount from P (original amount)
Add P (original amount) plus A (total amount)
Subtract P (original amount) from A (total amount)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Henry deposits $750 into a college savings account that is compounded annually when his parents received as a stimulus package. If Henry lets the money sit in the account without adding or removing any and receives a 8.5% interest rate, how much money will he have total after 5 years?
$1127.74
$1535.24
$2345.67
$850.76
Tags
CCSS.HSF.BF.A.2
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Hei-Hei has $1500 in a retirement account earning 5% interest compounded annually. After 5 years how much does Hei-Hei have in the account?
$1750
$2010.14
$2500
$1914.42
Tags
CCSS.HSF-LE.A.1C
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
10 questions
MATH 6_QUIZ 2_4Q_24-25
Quiz
•
6th Grade - University
11 questions
Algebra: Solving Linear Equations
Quiz
•
University
11 questions
Super easy quiz
Quiz
•
9th - 12th Grade
10 questions
Rational Function
Quiz
•
11th Grade
11 questions
Moments and Moment Generating Function
Quiz
•
University
10 questions
Pre-Quiz Cal1
Quiz
•
University
10 questions
Definite Integral Quiz
Quiz
•
12th Grade
13 questions
Term 3 Sheet 4
Quiz
•
9th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
20 questions
Figurative Language Review
Quiz
•
6th Grade
Discover more resources for Mathematics
15 questions
Product of Powers Property A1 U7
Quiz
•
8th Grade
20 questions
Laws of Exponents
Quiz
•
8th Grade
16 questions
8th U5L5 Graphs of Functions
Quiz
•
8th Grade
20 questions
Graphing Inequalities on a Number Line
Quiz
•
6th - 9th Grade
20 questions
Exponent Rules Review
Quiz
•
8th - 9th Grade
20 questions
One Step equations addition and subtraction
Quiz
•
5th - 8th Grade
20 questions
Translations
Quiz
•
8th Grade
25 questions
Complementary and Supplementary Angles
Quiz
•
7th - 10th Grade
