Mathematics
Grade 7
45 min
Compound interest
Tutorial Preview
1
You deposit $100 at 5% annual interest. How much is there after 1 year?
2
You deposit $200 at 10% annual interest. How much is there after 2 years?
3
You invest $500 at 4% annual interest for 2 years. How much interest did you earn?
Sample Practice Questions
Easy
You deposit $200 at 3% annual interest. What is the total amount after 1 year?
0.$203
1.$206
2.$200.30
3.$6
Easy
You deposit $100 at 5% annual interest. What is the total amount after 2 years?
0.$110
1.$105
2.$110.25
3.$115
Easy
You invest $300 at 2% annual interest for 2 years. How much interest did you earn?
0.$12
1.$6
2.$312.12
3.$12.12
Want to practice and check your answers?
Sign up to access all questions with instant feedback, explanations, and progress tracking.
Start Practicing Free