Compound Interest
Authored by Julia Harris
Mathematics
10th - 12th Grade
CCSS covered
Used 776+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Karla earn in 15 years?
Tags
CCSS.HSF.LE.A.1
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Emily would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.
Tags
CCSS.HSF.LE.A.1
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.B.5
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Monthly means how many times a year?
Tags
CCSS.5.MD.A.1
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which equation do you use when asked to compound daily?
Tags
CCSS.HSF.LE.A.4
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.
Tags
CCSS.HSF.LE.A.1
CCSS.HSA.CED.A.1
CCSS.HSF.LE.B.5
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.LE.B.5
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
Tags
CCSS.HSF.LE.A.1
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
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