Simple Interest 8.EE.B.5 Grade 8 OSTP Practice Test Questions TOC | Lumos Learning

Simple Interest 8.EE.B.5 Question & Answer Key Resources Grade 8 Mathematics - Skill Builder + OSTP Practice

Grade 8 Mathematics - Skill Builder + OSTP Practice Simple Interest

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John invested a total of $8,000 in two different schemes L and M at the simple interest rate of \(2\frac{1}{2}\)% p.a. and \(3\frac{1}{2}\)% p.a. respectively. He kept the money in scheme L for 4 years and in scheme M for 3 years, 4 months. If the total simple interest he earned is $875, what was the amount invested in Scheme L? Click on the correct answer.

  1. $2,500
  2. $3,000
  3. $4,500
  4. $3,500

Resource: Question

Question Type: Hot Text

Standard(s):8.EE.B.5

Standard Description: Graph proportional relationships, interpreting the unit rate as the slope of the graph. Compare two different proportional relationships represented in different ways. For example, compare a distance-time graph to a distance-time equation to determine which of two moving objects has greater speed.

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