Interest - Problem Solving
8th Grade
•12 Qs
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Interest - Problem Solving
Quiz
•
Mathematics
•
8th Grade
•
Medium
Standards-aligned
Tramain Jackson
Used 3+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Grant made a $2,800 investment that pays a simple interest rate of 6% per year. What is the amount of interest he earned after one year?
What type of problem is this?
Simple Interest
Compound Interest
Tags
CCSS.HSF.BF.A.2
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Wendy deposited $2,250 into a savings account at 3.5% interest compounded annually. What is the amount of interest she will earn after 2 years?
What type of problem is this?
Simple Interest
Compound Interest
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Carlos borrows $4,180 at a rate of 4.1% per year, compounded annually. What is the closest to the total amount he owes after 2.8 years?
What type of problem is this?
Simple Interest
Compound Interest
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Brent invested $6,500 into an account paying a simple interest rate of 4.2% per year. What is the total amount in the account after 2 years?
What type of problem is this?
Simple Interest
Compound Interest
Tags
CCSS.HSF.BF.A.2
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Grant made a $2,800 investment that pays a simple interest rate of 6% per year. What is the amount of interest he earned after one year?
Which equation will you use?
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Wendy deposited $2,250 into a savings account at 3.5% interest compounded annually. What is the amount of interest she will earn after 2 years?
Which equation will you use?
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Carlos borrows $4,180 at a rate of 4.1% per year, compounded annually. What is the closest to the total amount he owes after 2.8 years?
Which equation will you use?
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