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- 1. Multiple ChoiceYour 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?$23,285.05$3,285.05$2,385$32,285
- 2. Multiple ChoiceCaiden 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?$827.52$831.10$839.45$846.80
- 3. Multiple ChoiceFind the compound interest:
Principal: $1735
Interest Rate: 0.8%
Time: 1 year$1,388$138.80$13.88None of the answers are correct. - 4. Multiple ChoiceWhat is the formula for simple interest?A=P(1+r)tI=PrtI=P(1+r)tA=Prt
- 5. Math Response
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?
- 6. Multiple Choice
Mr. Diable invested $3,500 in a 7 year CD that pays 4.2% interest compounded annually. How much interest will the CD earn over the 7 years?
$147.00
$245.00
$1,168.12
$4,668.12
- 7. Multiple Choice
Which is the formula for calculating compound interest?
- 8. Multiple Choice
Sue got an $8000 loan to buy a used car. Due to her bad credit, the interest rate was 16.8%. If the loan length was 60 months, how much did she end up paying for the car?
$6720
$14720
$80,640
$8672
- 9. Multiple Choice
Mark got a 4-year simple interest loan for $1750, but he ended up having to pay back $2114. What was the interest rate? (you need to round)
30.2%
0.302%
.052%
5.2%
- 10. Multiple Choice
I deposited $46,875 into a simple interest, and at the end of 1 year 8 months, the account had grown to $50,000. Find the rate of interest per year.
64%
4%
4.167%
66 2/3%
- 11. Multiple Choice
Mr. Johnson borrowed $8000 for 4 years to make home improvements. If he repaid a total of $10,320, at what interest rate did he borrow the money?
32.25%
.3225%
7.25%
.0725%
- 12. Multiple Choice
Starting money = $350. Interest rate = 2.5% TIme = 3 years. How much interest using simple interest formula?
$7.50
$26.25
$87.5
$262.50
- 13. Drop Down
Ivan deposits $5,000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years?
What is the principle? (a)
What is the rate? (b)
What is the time? (c)
$5,0005%3 years - 14. Math Response
Maria deposits $300 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 5 years?
- 15. Match
Jessica borrowed $500 from a bank for 2 years and was charged simple interest. The total interest that she paid on the loan was $70. As a percentage, what was the annual interest rate of her loan?
Match the following
Principle (P)
500
time (t)
2
Interest (I)
Unknown
rate (r)
70
- 16. Math Response
Felipe invested in a savings bond for 6 years and was paid simple interest at an annual rate of 3%. The total interest that he earned was $540. How much did he invest?
- 17. Math Response
Chris borrowed $8,000 from a lender that charged simple interest at an annual rate of 7%. When Chris paid off the loan, he paid $1,680 in interest. How long was the loan for, in years?
- 18. Math Response
To be able to go on a trip to South America, Ann decides to save for 4 years. She opens a savings account with $300. The account pays simple interest at an annual rate of 5%. She doesn't make any more deposits. What will the total amount in the account be (including interest)? (you do not need to put a $)
- 19. Multiple ChoiceBased on the scatterplot, about how much money would a group of 10 people be expected to spend on food and beverages at this restaurant?$135$115$105$150
- 20. Multiple ChoiceThe scatter plot shows the relationship between the number of chapters and the total number of pages for several books. Use the trend line to predict how many chapters would be in a book with 180 pages.12 chapters15 chapters18 chapters21 chapters
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