1. 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.
A.
A
B.
B
C.
C
D.
D
2.
2. Gilberto invests $900 in a savings account that pays 4% simple interest. If Gilberto makes no withdrawals or deposits to the account, how much will be in the account after 7 years?
A.
A
B.
B
C.
C
D.
D
3.
3. Travis invests $25,000 in a savings account that pays 2.5% simple interest. How much interest does he earn each year?
A.
A
B.
B
C.
C
D.
D
4.
4. Jaxon invests $100 into an account at a rate 2%. He plans on keeping the account open for 15 years. If it is a simple interest account, how much money will he have in the account?
A.
A
B.
B
C.
C
D.
D
5.
5. Laila deposited $800 in an account that earns 6% simple interest. How much will she have in her account at the end of 10 years if she makes no withdrawals or deposits?
A.
A
B.
B
C.
C
D.
D
6.
6. Nancy has $675 in a savings account. The simple interest rate is 3%. How much interest will she earn in 2 years?
A.
A
B.
B
C.
C
D.
D
7.
7. Megan is currently in 8th grade and wants to begin saving money for college. She wants to invest $2000 in a simple interest account that pays at a rate of 3.5%. How much interest will she earn in 7 years?
A.
A
B.
B
C.
C
D.
D
8.
8. Lana deposits $500 into a savings account that gains simple interest at a rate of 2% annually. How much interest will she earn in 10 years?
A.
A
B.
B
C.
C
D.
D
9.
Steve deposited $5,000 in a savings account that pays 4% interest compounded annually. Which equation could be used to find the value of the account after 3 years?
A.
A
B.
B
C.
C
D.
D
10.
10. Willa deposited $5,000 in an account that pays 6% interest compounded annually. Which expression can be used to find the value of her investment after 5 years?
A.
A
B.
B
C.
C
D.
D
11.
11. Kelly plans to deposit her graduation money into an account and leave it there for 4 years while she goes to college. She receives $750 in graduation money and she deposits it into an account that earns 4.25% interest compounded annually. How much will be in Kelly’s account at the end of four years if she makes no other deposits or withdrawals into the account?
Questions: 25 | Attempts: 781 | Last updated: Mar 21, 2022
Sample Question
If you have a very high credit score (e.g., over 800) you are more likely to be approved when you apply for credit (like a credit card or auto loan) and will likely have a lower interest rate on your loan than a borrower with a low credit score.