

Loan Duration and Interest Calculations
Interactive Video
•
Mathematics
•
10th - 12th Grade
•
Practice Problem
•
Hard
Standards-aligned
Emma Peterson
FREE Resource
Standards-aligned
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main topic discussed in this video?
Linear Equations
Geometry
Compound Interest
Simple Interest
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which formula is used to calculate compound interest?
MN = m0 * P * n
MN = m0 / (1 + P)^n
MN = m0 + P * n
MN = m0 * (1 + P)^n
Tags
CCSS.8.EE.C.7B
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the first example, what is the interest rate per year?
10%
20%
15%
5%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many years is the money deposited in the first example?
3 years
4 years
2 years
1 year
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the second example, what is the interest rate per quarter?
3%
4%
2%
5%
Tags
CCSS.8.EE.C.7B
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many months does the loan last in the second example?
33 months
27 months
24 months
36 months
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total amount to be repaid in the second example?
20 million
15 million
25 million
10 million
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