
Understanding Interest Calculations
Authored by INSANI TRIANA
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12th Grade

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the simple interest on a principal of $1,000 at a rate of 5% for 3 years?
$200
$75
$100
$150
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the compound interest on $2,000 at an annual rate of 4% compounded annually for 2 years.
$200.00
$120.00
$80.00
163.20
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you invest $500 at a simple interest rate of 6% for 5 years, what will be the total amount at the end?
$650
$600
$550
$700
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Determine the total payment for a loan of $1,500 at a simple interest rate of 7% for 4 years.
$1,800
$1,920
$1,500
$2,100
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the compound interest on $1,000 at a rate of 3% compounded quarterly for 1 year?
30.40
15.75
25.00
40.00
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you have a principal of $800 and earn simple interest of $120 over 4 years, what is the interest rate?
5%
3.75%
4%
2.5%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the total amount after 3 years if $1,200 is invested at a compound interest rate of 5% compounded annually.
1300.50
1200.00
1500.00
1389.15
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