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- Exploring Simple And Compound Interest Concepts
Exploring Simple and Compound Interest Concepts
Interactive Video
•
Mathematics
•
6th - 10th Grade
•
Practice Problem
•
Easy
Standards-aligned
Aiden Montgomery
Used 25+ times
FREE Resource
Standards-aligned
Read more
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What formula represents simple interest?
A = P(1 + rt)
I = PRT
A = P(1 + r)^t
I = prt
Tags
CCSS.8.EE.C.7B
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is compound interest calculated?
A = P(1 + r)^t
A = P(1 + rt)
I = prt
A = P + prt
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the interest earned on a $1000 deposit at 6% for 4 years using simple interest?
$220
$260
$240
$200
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the principal amount in the first simple interest example?
$3000
$2500
$2000
$1000
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total amount after earning simple interest on $2500 at 7% for 5 years?
$3125
$3375
$3575
$3825
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To find the total amount using simple interest, what step is added to the interest calculation?
Subtract the rate from the principal
Add the principal to the interest
Divide the interest by the principal
Multiply the principal by the rate
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the compound interest earned on a $3000 deposit at 6% for 4 years?
$765.00
$820.50
$800.00
$787.43
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