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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If $500 fetches $20 compound interest, how much compound interest would $1500 fetch, if the rates of interest and number of years are the same in both cases and both are compounded annually?

Select the correct answer.

  1. $60
  2. $65
  3. $75
  4. Cannot be determined.

Resource: Question

Question Type: Hot Text

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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