Interest

Interest

9th - 12th Grade

20 Qs

quiz-placeholder

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Interest

Interest

Assessment

Quiz

Mathematics

9th - 12th Grade

Hard

CCSS
7.EE.B.3, 4.MD.A.1, 3.MD.A.1

+4

Standards-aligned

Created by

Isabel Schoeman

Used 3+ times

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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

Media Image

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.

$71.24
$118.74
23.7475
$23.75

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?

The amount of interest earned.
The amount of time that has passed.
The total amount of money after a certain amount of time.
The amount required to invest.

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