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WorksheetsPersonal Finance Interest Quiz
Total questions: 10
Worksheet time: 6mins
Interest paid only on the initial principal of a savings account or loan is……
Loan
Simple interest
Compound Interest
Principal
Interest paid on the initial principal and on interest earned in the past is…..
Loan
Simple interest
Compound interest
Principal
Barb deposits $5000 with an interest rate of 6.5%. After 3 years, how much will Barb make in Simple Interest……(SI=PRT)
$975
$5975
$5000
$3253
Bob takes out a $175,000 loan to purchase a house. At a 3% interest rate compounded annually, how much money will Bob owe after 10 years?
$235,185.37
$235,185
$52,500
$52,500.37
What does the P stand for in the Simple Interest Formula? SI=PRT
Perimeter
Pay
Rate
Principal
Cari deposited $857. She got a rate of 11% compounded annually. How much money was earned after 15 years?
$14269.05
$3243.39
$1414.05
$4100.39
Change 76.3% to a decimal.
76.3
0.763
7.63
0.0763
Changes 0.027 to a percent.
0.027%
0.27%
2.7%
27%
What does the R stand for in the formula SI=PRT
Rational
Time
Rate
Ratios
Rex deposited $1000 into a savings account with 9% simple interest. How much will Rex have in their account after 5 years? SI=PRT
$1000
$5500
$1450
$450
