Calculating Simple and Compound Interest

Quiz
•
Mathematics
•
9th Grade
•
Hard
Standards-aligned
Mia Hahn
Used 8+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Javier deposited $5000 in a savings account with a simple interest rate of 5.5% per year. After 3 years, the total amount in his account was $__________.
5825
8250
15750
5500
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Javier invested $4000 in a savings account with a simple interest rate of 6% per year. After 4 years, the total amount in his account was $__________.
4960
6240
9600
6400
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Emily deposited $850 in a savings account that compounds annually with an interest rate of 4.8% per year. After 10 years, the total amount in her account was $__________.
1358.41
1450.89
1320.45
Tags
CCSS.HSF-LE.A.1C
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Emily invested $900 in a savings account that compounds annually with an interest rate of 5% per year. After 8 years, the total amount in her account was $__________.
1329.71
1400.56
1350.31
1337.74
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You invest $5000 in a savings account with an annual interest rate of 4% compounded quarterly. Calculate the total amount in the account after 10 years.
7401.22
7453.47
7444.32
7500.00
Tags
CCSS.HSF-LE.A.1C
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You deposit $6000 in a savings account with an annual interest rate of 3.5% compounded quarterly. Calculate the total amount in the account after 8 years.
7831.45
7929.12
8000.89
8104.12
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tags
CCSS.HSF.BF.B.3
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