Simple and Compound Interest
Assessment
•
Robert Innis
•
Mathematics
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7th - 10th Grade
•
1K plays
•
Medium
Student preview
12 questions
Show all answers
1.
MULTIPLE CHOICE
30 sec • 1 pt
David
invests $10,000 in a savings account that pays 3.5% simple interest. If David
makes no withdrawals or deposits to the account, how much will be in the
account after 7 years.
2.
MULTIPLE CHOICE
30 sec • 1 pt
Garrison
deposited $500 in an account that earns 5% annual interest compounded annually. If he makes no withdrawals or deposits, how
much interest will the account earn after 4 years?
3.
MULTIPLE CHOICE
30 sec • 1 pt
Audrey deposited $2,800 in a
savings account that pays 2.65% interest compounded annually. What is the total
value of the account after 7 years?
4.
MULTIPLE CHOICE
30 sec • 1 pt
5.
MULTIPLE CHOICE
30 sec • 1 pt
The simple interest formula is I=Prt. What does the t represent?
6.
MULTIPLE CHOICE
30 sec • 1 pt
4.3%
7.
MULTIPLE CHOICE
30 sec • 1 pt
8.
MULTIPLE CHOICE
30 sec • 1 pt
9.
MULTIPLE CHOICE
30 sec • 1 pt
The compound interest formula is:
A = P(1 + r)t
What does the A represent?
10.
MULTIPLE CHOICE
30 sec • 1 pt
If $1,000 is invested at 16% interest, compounded annually, for five years, what is the ending balance?
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