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- Calculating Simple And Compound Interest
Calculating Simple and Compound Interest
Authored by Ms. Smith
Mathematics
7th Grade
CCSS covered
Used 10+ times
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10 questions
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1.
DRAG AND DROP QUESTION
1 min • 1 pt
Mrs. Baxter deposits $2,000 in an account that earns 5% simple interest.
This is a (a) interest problem.
I would use the formula (b) to find the interest in this situation.
Tags
CCSS.7.RP.A.3
2.
MATH RESPONSE QUESTION
2 mins • 1 pt
Mrs. Baxter deposits $2,000 in an account that earns 5% simple interest. How much is Mrs. Baxter's investment worth after 8 years?
Do not write the $ sign. Round answer to the nearest hundredth
Mathematical Equivalence
ON
Tags
CCSS.7.RP.A.3
3.
DRAG AND DROP QUESTION
1 min • 1 pt
Joey made a deposit into an account that earns 6% simple interest. After 3 years Joey had earned $400. How much was Joey's initial deposit?
This is a (a) interest question.
I will use the (b) formula to solve this problem.
Tags
CCSS.7.RP.A.3
4.
MATH RESPONSE QUESTION
2 mins • 1 pt
Joey made a deposit into an account that earns 6% simple interest. After 3 years Joey had earned $400. How much was Joey's initial deposit?
Do not type the $ symbol. Round answer to the nearest penny.
Mathematical Equivalence
ON
Tags
CCSS.7.RP.A.3
5.
DRAG AND DROP QUESTION
1 min • 1 pt
Coach Cliffman made a deposit of $1,800 into an account that earns 2% annual compound interest. Find the amount of interest that Coach earned after 3 years.
This is a (a) interest problem.
I will use the (b) formula to solve this problem.
Tags
CCSS.7.RP.A.3
6.
MATH RESPONSE QUESTION
2 mins • 1 pt
Coach Cliffman made a deposit of $1,800 into an account that earns 2% annual compound interest. Find the amount of interest that Coach earned after 3 years.
Do not write $ symbol. Round answer to the nearest hundredth
Mathematical Equivalence
ON
Tags
CCSS.7.RP.A.3
7.
OPEN ENDED QUESTION
3 mins • Ungraded
Peter is calculating the interest earned on a deposit of $275 in an account that earns 8% simple interest after 12 years. His work is below.
I = 275(0.8)(12)
I = 2,640
What did Peter mark incorrectly?
Evaluate responses using AI:
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Tags
CCSS.7.RP.A.3
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