Simple Interest Card Sort & Solve

11 Questions | Total Attempts: 150

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Simple Interest Card Sort & Solve - Quiz


Questions and Answers
  • 1. 
    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?
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      A

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      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?
    • A. 

      A

    • B. 

      B

    • C. 

      C

    • D. 

      D

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