Compound Interest Assignment

Compound Interest Assignment

Assessment

Flashcard

Mathematics

9th - 12th Grade

Hard

CCSS
HSF.LE.A.4, HSF-LE.A.1C

Standards-aligned

Created by

Wayground Content

FREE Resource

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15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Change 6.75% to a decimal.

Back

.0675

2.

FLASHCARD QUESTION

Front

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?

Back

$831.10

3.

FLASHCARD QUESTION

Front

$600 invested at 6% compounded annually for 7 years.

Back

$902.18

Tags

CCSS.HSF-LE.A.1C

4.

FLASHCARD QUESTION

Front

6 year investment of $40,000 at 14% interest compounded annually is worth how much now?

Back

$87,798.90

5.

FLASHCARD QUESTION

Front

Borrowed $1,690 for 5 1/2 years at 5.7% interest compounded annually. How much extra was paid?

Back

$602.45

6.

FLASHCARD QUESTION

Front

$1,000 is invested at 16% interest, compounded continuously, for five years. What is the ending balance?

Back

$2,225.54

7.

FLASHCARD QUESTION

Front

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

Back

$12,749.30

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