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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Simple interest on a sum of money for 2 years at 8% per annum is $80. What will be the compound interest (compounded annually) on that sum, if the rate of interest per annum and period are the same? Drag and drop the correct answer into the box.

Resource: Question

Question Type: Drag & Drop

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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