Interest
9th - 12th Grade
•20 Qs
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Interest
Quiz
•
Mathematics
•
9th - 12th Grade
•
Hard
+4
Standards-aligned
Isabel Schoeman
Used 3+ times
FREE Resource
Enhance your content in a minute
20 questions
Show all answers
1.
FILL IN THE BLANK QUESTION
5 mins • 1 pt
John loaned/borrowed money from the bank worth R20 000 with a 10% interest rate. He will pay it over 2 years. How much is the interest?
REMINDERS:
1) Type your answers only.
2) Remember your units of measurement.
2.
FILL IN THE BLANK QUESTION
5 mins • 1 pt
Luke invested his money in the stock market worth R500,000 that earns about 5% yearly. (Simple Interest.) How much money will he have saved at the end of the 10 years?
REMINDERS:
1) Type your answers only.
2) Remember your unit of measurement.
3.
FILL IN THE BLANK QUESTION
5 mins • 1 pt
Principal= R100,000
Rate of Interest=5%
Time=7 years
*Solve for the SIMPLE INTEREST.
REMINDERS:
1) Type your answers only.
2) No labels needed.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the r stand for in the simple interest equation?
Years
Random (decimals)
Rands
Rate (% as decimal)
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Lisa earned $20 in interest after leaving her money in the bank for 1 year at a 5% interest rate. How much did Lisa deposit?
$200
$300
$500
$400
6.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
A pair of boots are $94.99. They are 25% off. With this discount, what is the sale price? Round to nearest cent if necessary.
Tags
CCSS.7.EE.B.3
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The compound interest formula is:
A = P(1 + r)n
What does the A represent?
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