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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Ken deposits $800 in a bank for a period of time. The bank pays him 2% p.a. simple interest. Randall deposits $600 in another bank for the same period of time at the rate of simple interest 8% p.a. Both of them get the same total amount (principal + simple interest). Find the period of time they deposited the money in the bank. 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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