Grade 8 · Math · Financial literacy · Compound interest | QuizPrint

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Grade 8 Math: Financial literacy · Compound interest QuizPrint.CA Ontario curriculum: Mathematics (2020) · Financial Literacy F1.1 — compare simple and compound interest and methods of payment that change what is paid NameDateScore 1. $200 earns 10% compound interest for 2 years. How much interest is earned in all? 2. $300 earns 10% compound interest for 2 years. How much interest is earned in all? 3. On a balance of $100, interest calculated on the original amount and on interest already earned is called... 4. $200 earns 5% compound interest for 2 years. How much interest is earned in all? 5. $600 earns 10% compound interest for 2 years. How much interest is earned in all? 6. On a balance of $200, interest calculated on the original amount and on interest already earned is called... 7. $600 earns 5% compound interest for 2 years. How much interest is earned in all? 8. $800 earns 10% compound interest for 2 years. How much interest is earned in all? 9. On a balance of $400, interest calculated on the original amount and on interest already earned is called... 10. $300 earns 5% compound interest for 2 years. How much interest is earned in all? Sign in to manage students and save worksheet results. Fresh practice from quizprint.ca. Unofficial practice — not a ministry test or resource. Answer key Grade 8 Math: Financial literacy · Compound interest Ontario curriculum: Mathematics (2020) · Financial Literacy F1.1 — compare simple and compound interest and methods of payment that change what is paid Question numbers match the worksheet. 1.A) $42Year 1 earns $20. Year 2 earns $22 on $220. 2.B) $63Year 1 earns $30. Year 2 earns $33 on $330. 3.B) compound interest 4.C) $20.5Year 1 earns $10. Year 2 earns $10.5 on $210. 5.D) $126Year 1 earns $60. Year 2 earns $66 on $660. 6.D) compound interest 7.A) $61.5Year 1 earns $30. Year 2 earns $31.5 on $630. 8.B) $168Year 1 earns $80. Year 2 earns $88 on $880. 9.D) compound interest 10.C) $30.75Year 1 earns $15. Year 2 earns $15.75 on $315. Keep this page if you are printing for a child. Fresh practice from quizprint.ca. Unofficial practice — not a ministry test or resource.

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