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

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

Grade 8 Mathematics - Skill Builder + MCAS Practice Simple Interest

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John deposits $2,000 in a bank A, at the rate of interest 8% p.a. for 3 years. Karen deposits $1,000, in another bank B, for 5 years. Both of them get the same amount of simple interest. Find the rate of interest given by the bank B? Enter your answer in the decimal format in the box.

Resource: Question

Question Type: Numeric Answer

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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