Home > Middle School > Quizzes > Grades 6, 7 and 8 - Math - Middle School - Business Math - Calculating Interest Per Year
Grades 6, 7 and 8 - Math - Middle School - Business Math - Calculating Interest Per Year
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 5% • Most missed: “$600.00 at 5.2% for 10 years.”

Calculation of interest is used in: savings accounts, car loans, mortgages, credit cards, student loans...  

The formula: I = PRT (interest equals principal, interest rate and time)

Interest is additional money earned on money that is either borrowed or that is in savings.  

Grades 6, 7 and 8 - Math - Middle School - Business Math - Calculating Interest Per Year
Time left 00:00
20 Questions

1. $9,300.00 at 9.25% for 5 years.
2. $12,250.00 at 5.465% for 5 years.
3. $3,511.00 at 7.13% for 7 years.
4. $64,725.00 at 8% for 20 years.
5. $900.00 at 3.85% for 10 years.
6. $1,519.25 at 4.87% for 3 years.
7. $50.00 at 3.5% for 1 year.
8. $600.00 at 5.2% for 10 years.
9. $125,000.00 at 6.75% for 30 years.
10. $2,950,000.00 at 4.05% for 28 years.
11. $2,200.00 at 4.15% for 4 years.
12. $2,450.19 at 2.37% for 7 years.
13. $3,214.00 at 5.65% for 12 years.
14. $216.49 at 12.5% for 3 years.
15. $5,000.00 at 9% for 15 years.
16. $16,435.75 at 5.275 for 6 years.
17. $39,333.33 at 6.23% for 17 years.
18. $10.00 at 26% for 2 years.
19. $435.00 at 2.83% for 2 years.
20. $34,900,500.00 at 2.97% for 30 years.

⚡ Recently practiced quizzes in this topic
Live quiz activity
Grades 6, 7 and 8 - English Language - Middle School - Verbal Reasoning - Missing Word Grades 6, 7 and 8 - U.S. History - Middle School - USA: 1919-1932 - US Society In The 1920s Grades 6, 7 and 8 - English Language - Middle School - Comprehension Test 1 Grades 6, 7 and 8 - Science - Middle School - Taxonomy Grades 6, 7 and 8 - English Language - Middle School - Standard English Grades 6, 7 and 8 - Science - Middle School - Skeletons Grades 6, 7 and 8 - Science - Middle School - The Study of Light - What is Light? Grades 6, 7 and 8 - Science - Middle School - Anatomy - Growth and Development 1000+ School Science Questions Grades 6, 7 and 8 - English Language - Middle School - Verbs (Modal)
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.