Understanding Interest Rates and Percentages for Kids
Authored by Anthony Clark
English, Mathematics
5th Grade
CCSS covered
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you save $100 in a bank that offers a 5% interest rate per year, how much interest will you earn in one year?
2
10
15
5
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A toy store has a special offer where you can earn 10% back in store credit on your purchase. If you buy a toy for $30, how much store credit will you receive?
$4.50
$2.00
$5.00
$3.00
Tags
CCSS.6.RP.A.3C
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Maria invested $200 in a savings account with a 3% annual interest rate. How much interest will she earn after two years?
$12
$18
$6
$24
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a loan of $500 has an interest rate of 8% per year, how much interest will be added to the loan after one year?
$60
$80
$40
$20
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
James has $150 in a savings account that earns 4% interest annually. How much money will he have in total after one year?
$150
$154
$160
$156
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A bank offers a 6% interest rate on a $1,000 deposit. How much interest will you earn after three years?
$210
$180
$150
$120
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you borrow $250 with a 5% interest rate, how much will you owe after one year?
$262.50
$240.00
$250.00
$275.00
Tags
CCSS.7.RP.A.3
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