Understanding Interest Rates and Percentages for Kids

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

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

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

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

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

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

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

Samantha bought a bike for $200 and received a 15% discount. How much did she save with the discount?

• 30

• 40

• 35

• 25

If you invest $400 at a 2% interest rate, how much interest will you earn in one year?

• $4

• $8

• $10

• $16

A credit card charges 18% interest on the balance. If you have a balance of $600, how much interest will you owe after one month?

• $15.00

• $12.00

• $9.00

• $18.00