calculate and compare simple interest and compound interest earnings
Track each student's skills and progress in your Mastery dashboards
Loading...
Loading...
Give this quiz to my class
Q 1/2
Score 0
Mr. Juárez opened a savings account with an initial deposit of $560 and will not make any additional deposits or withdrawals. The account earns 1% simple interest. What is the total amount that Mr. Juárez will have in his account at the end of 3 years?
60
$168.00
$565.60
$576.80
$56.00
Q 2/2
Score 0
Rita has a loan of $45,580. This loan has a simple interest rate of 4% per year. What is the amount of interest that Rita will be charged on this loan at the end of one year?
60
$1,823.20
$18,232
$11,395
$47,403.20
2 questions
Q.
Mr. Juárez opened a savings account with an initial deposit of $560 and will not make any additional deposits or withdrawals. The account earns 1% simple interest. What is the total amount that Mr. Juárez will have in his account at the end of 3 years?
1
60 sec
7.13.E: Personal Financial Literacy
Q.
Rita has a loan of $45,580. This loan has a simple interest rate of 4% per year. What is the amount of interest that Rita will be charged on this loan at the end of one year?
