Simple and Compound Interest

Presentation

•

Mathematics

•

9th - 12th Grade

•

Easy

•

CCSS

7.RP.A.3, 6.EE.B.7, 4.MD.A.1

Standards-aligned

Elo Cheng

Used 51+ times

FREE Resource

3 Slides • 10 Questions

Simple and Compound Interest

MTHS101 - Nature of Financial Management

by Elo Cheng

Multiple Choice

The money you borrow or invest is called __________?

Simple Interest

Rate

Principal

Time

Multiple Choice

The extra money created on the money borrowed is called________?

Amount

Rate

Interest

Principal

Multiple Choice

Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

$150

$192

$1350

$1392

Multiple Choice

Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. What rate of interest did she pay?

Multiple Choice

Anna invested $2,500 at an annual rate of 5%. How long will it take until Anna earns $1,125 in interest?

5 years

8 years

10 years

9 years

Multiple Choice

What does the n stand for in this formula?

Initial amount

Final amount

Rate

Time

The number of times compounded per year

Multiple Choice

Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually.

Which exponential equation can be used to find how much money Karla will earn in 15 years?

Multiple Choice

The period of 9 months is taken as how many quarters?

9⁄4

Multiple Choice

Daniel invests $360 in a bank account that is compounded annually for 8 years with an interest rate of 5.5%. What will be the total amount in the account after the 8 years is over?

$625.88

$950.12

$315.45

$552.49

Multiple Choice

If $1,000 is invested at 16% interest, compounded annually, for five years, what is the ending balance?

$1,225,54

$2,100.34

$22,255.40

$225.54

Simple and Compound Interest

MTHS101 - Nature of Financial Management

by Elo Cheng

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