Simple and Compound Interest

Simple and Compound Interest

Assessment

Flashcard

Life Skills

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

20 questions

Show all answers

1.

FLASHCARD QUESTION

Front

3-year investment of $20,000 at 5.2% interest compounded annually. What is the total return?

Back

$23,285.05

2.

FLASHCARD QUESTION

Front

You borrowed $59,000 for 2 years at 11% compounded annually. What total will you pay back?

Back

$72,693.90

3.

FLASHCARD QUESTION

Front

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

Back

$87,798.90

4.

FLASHCARD QUESTION

Front

Semi-Annually means how many times a year?

Back

2

5.

FLASHCARD QUESTION

Front

Change 6.75% to a decimal.

Back

.0675

6.

FLASHCARD QUESTION

Front

Riley invested $1,000 in savings bonds with 6.75% interest compounded semi-annually for 15 years. How much total will Riley earn?

Back

$2,706.86

7.

FLASHCARD QUESTION

Front

Olivia buys furniture on credit with 9.5% interest compounded quarterly. She spent $7,400. How much will she have paid after 8 years?

Back

$15,683.28

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?