Simple and Compound Interest
Assessment
•
Robert Innis
•
Mathematics
•
7th - 10th Grade
•
1K plays
•
Medium
+10
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.
Tags
CCSS.HSF.BF.A.2
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?
Tags
CCSS.HSF.BF.A.2
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?
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
4.
MULTIPLE CHOICE
30 sec • 1 pt
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE
30 sec • 1 pt
The simple interest formula is I=Prt. What does the t represent?
Tags
CCSS.8.EE.C.7B
6.
MULTIPLE CHOICE
30 sec • 1 pt
4.3%
Tags
CCSS.7.NS.A.3
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE
30 sec • 1 pt
Tags
CCSS.HSF.BF.A.2
8.
MULTIPLE CHOICE
30 sec • 1 pt
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
9.
MULTIPLE CHOICE
30 sec • 1 pt
The compound interest formula is:
A = P(1 + r)t
What does the A represent?
Tags
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.B.5
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?
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSA.SSE.B.4
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
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