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

Compound Interest 7.RP.A.3 Question & Answer Key Resources Lumos Workbooks Master Course - Grade 7 Mathematics

Lumos Workbooks Master Course - Grade 7 Mathematics Compound Interest

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Karen deposited $1000 in a bank. The bank gave her 10% p.a. interest (compounded annually). At the end of the term, she got a total amount of $1331. How long did she keep the money in the bank? Enter your answer (in the number format, NOT in words) in the box below.

Resource: Question

Question Type: Numeric Answer

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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