Simple and Compound Interest
Authored by MICHAEL VAN HOOSER
Mathematics
9th - 12th Grade
CCSS covered
Used 2+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Carlos invests $3,500 in a savings account that earns 3% simple interest annual. He makes no additional deposits or withdrawals. What will the balance be after 10 years?
$4,500
#3,800
$4,100
$5,600
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Maria deposits $1,800 into an account with an annual simple interest rate of 4%. She leaves the money in the account for 12 years with no changes. What will the balance be after 12 years?
$2,400
$2,664
$3,000
$1,944
Tags
CCSS.7.RP.A.3
3.
LABELLING QUESTION
5 mins • 5 pts
Label each part of the formula
Tags
CCSS.HSF-IF.C.8B
4.
LABELLING QUESTION
1 min • 5 pts
Label each part of the formula
Compound Period
End Amount
Principle
Rate
Time
Tags
CCSS.HSF-IF.C.8B
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Sally deposits $750 into a savings account that earns 1.5% annual interest, compound monthly. She makes no further deposits or withdrawals. How much will be in her account after 3 years? Round to the nearest cent.
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Logan invests $1,200 in an account paying 2.4% annual interest, compounded monthly, with no additional deposits or withdrawals. How much money will he have after 4 years? Round to the nearest cent.
7.
DRAG AND DROP QUESTION
1 min • 1 pt
Elena deposits $5,200 in a savings account that pays 3% annual interest, compounded monthly.
How much interest does the account earn in the first year? (a)
What is the ending balance after one year? (b)
What is the balance after two years? (c)
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