Quizalize logo
placeholder image to represent content

Simple and Compound Interest

Quiz by Elizabeth Ochoa

Feel free to use or edit a copy

includes Teacher and Student dashboards

Measure skills
from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can
  • edit the questions
  • save a copy for later
  • start a class game
  • automatically assign follow-up activities based on students’ scores
  • assign as homework
  • share a link with colleagues
  • print as a bubble sheet

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
6 questions
Show answers
  • Q1
    Clarissa needs a $2,500 loan to buy a car.Which loan option would allow her to pay the least amount of interest?
    A 36-month loan with a 4.50% annual simple interest rate
    A 30-month loan with a 4.00% annual simple interest rate
    An 18-month loan with 4.75% annual simple interest rate
    A 24-month loan with a 4.25% annual simple interest rate
    60s
  • Q2
    Celeste is taking out a loan in the amount of $10,000. Her choices for the loan are a 4 year loan at 4% simple interest and a 6 year loan at 5% simple interest. What is the difference in the amount of interest Celeste would have to pay for each of these two loans?
    $3,000
    $1,600
    $4,600
    $1,400
    300s
  • Q3
    An employee put $5,000 down in a retirement account that offers 9% interest compounded annually. The employee makes no additional deposits or withdrawals . Which amount is closest to the interest the employee will have earned at the end of 5 years?
    $229.09
    $2,693.12
    $2,250.00
    $450.00
    120s
  • Q4
    An investor puts $2,500 into a life insurance policy that pays 8.5 % simple annual interest . If no additional investment is made into the policy, how much accumulated interest should the investor expect at the end of 10 years?
    $21.25
    $2,125.00
    $212.50
    $21,250.00
    60s
  • Q5
    Ms. Perez deposited $2,500.00 in a new account at his bank. The bank pays 6.5% interest compounded annually on this account. Ms. Perez makes no additional deposits or withdrawals. Which amount is closest to the balance of the account at the end of 2 years?
    $2,662.50
    $2,513.00
    $2,825.00
    $2,835.56
    60s
  • Q6
    Jacob opened a simple interest account with a deposit of $5,000. He did not make any additional deposits or withdrawals. At the end of 4 years, the balance of the account was $6,500. What is the annual interest rate on this account?
    1.9%
    7.5%
    5.8%
    3.3%
    120s

Teachers give this quiz to your class