Compound Interest 7.RP.A.3 Grade Practice Test Questions TOC | Lumos Learning

Compound Interest 7.RP.A.3 Question & Answer Key Resources Grade 7 Mathematics - Skill Builder + TCAP Rehearsal

Grade 7 Mathematics - Skill Builder + TCAP Rehearsal Compound Interest

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What starting sum P would amount to $9,261 in 3 years at 5% p.a. interest, compounded annually? Round your answer to the nearest whole number and choose the correct answer.

Resource: Question

Question Type: Drop-Down - Equation Completion

Standard(s):7.RP.A.3

Standard Description: Use proportional relationships to solve multistep ratio and percent problems. Examples: simple interest, tax, markups and markdowns, gratuities and commissions, fees, percent increase and decrease, percent error.

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