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SIMPLE/AND COMPOUND INTEREST TEST

Total questions: 16

Worksheet time: 29mins

Name
Class
Date
1.

Which is the formula for Compound Interest?

a)

I = PRTI\ =\ P\cdot R\cdot T

b)

A=P(1+r)tA=P\left(1+r\right)^t

2.

Which is the formula for Simple Interest?

a)

I = PRTI\ =\ P\cdot R\cdot T

b)

A=P(1+rn)ntA=P\left(1+\frac{r}{n}\right)^{n\cdot t}

3.

If Sam borrows $210 for 7 years at an interest rate of 8%, how much interest will he pay?

a)

$327.60

b)

$805.00

c)

$1015.00

d)

$117.60

4.

Use simple interest to find the ending balance. (Total = P + I)


P= $34,100 R= 4% T= 3 years

a)

$4,092

b)

$5030

c)

$38,192

d)

$41,100

5.

You want to borrow $1,240 for 2 years at an interest of 8% compounded annually. How much will you pay back by taking out the loan?

a)

$4464

b)

$1,186.30

c)

$1,446.34

d)

$2,215.68

6.

Write the percent as a decimal.

4.3%

a)

4.3

b)

.43

c)

.043

d)

4300

7.

the time has to be in _____________

a)

years

b)

months

c)

days

d)

seconds

8.

interest is _________

a)

extra money paid for borrowing

b)

interesting

c)

Flocabulary songs

d)

time times rate

9.
Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?
a)
$827.52
b)
$831.10
c)
$839.45
d)
$846.80
10.

What game does Coach Ortiz LOVE?

hint: Click On the Picture

a)

Apex Legends

b)

Call of Duty Warzone

c)

FORTNITE, JD still buys the battle pass, yes he has to ask for permission

d)

MLB THE SHOW 22

11.

What concert is Coach Ortiz going to with his mom Godwilling and also his wife to this summer?

Its gonna be a movie👀

Hint: Click on the Picture

a)

Da Baby with Ft. Bandanna Bardo

b)

Elevation Worship Nights Ft. Tauren Wells

c)

Bethel Music with Brandon Lake

d)

Transformation Nation with Cory Asbury

e)

Maverick City Music x Kirk Franklin

12.

These are Coach Ortiz favorite type of shoes, which are called Yeezy's, what are they called?

a)

Balenciagas

b)

Yeezy's

c)

Jordans

d)

All White Nikes

13.

When is Coach Ortiz Birthday?

Apparently CJ Sampson shares the same birthday with me and I don't believe him, so I will have to confirm with Chris first, and also Mrs. Smith

A picture of Coach Ortiz and his Wife is shown and also his favorite restaurant

a)

CINCO DE MAYO

b)

MAY 25

c)

MAY 15

d)

APRIL 15

14.

What song does Coach Ortiz have on non-stop repeat basically?

Hint: Click on the picture

a)

NO ONE & YOU REALLY ARE

b)

I THANK GOD

c)

WAIT ON YOU

d)

LION

e)

IT MIGHT GET LOUD

15.

These are Coach Ortiz favorite type of shoes, which are called Yeezy's, what are they called?

a)

Balenciagas

b)

Yeezy's

c)

Jordans

d)

All White Nikes

16.

This is something else Coach Ortiz WOULD LOVE TO TRY. HE'S GETTING BEACH SZN READY🏖️ , he needs to get gains , what is called? BIRTHDAY IS MAY 15👀

a)

Prime By Logan Paul and KSI

b)

GHOST WHEY X OREO

c)

PROTEIN SHAKE

d)

MUSCLE MILK