Compound/Continuous Interest

Semi-Annually means how many times a year?

• 4 
• 2
• 1
• 6

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

• $1,584.62
• $2,651.39
• $2,706.86
• $1,825.10

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

• $1,225,54
• $2,225.54
• $22,255.40
• $225.54

Tags

CCSS.HSF.BF.B.5

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.LE.A.4

The simple interest formula is I=Prt.  What does the t represent?

• Principle
• Interest
• Time
• Percent Rate

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CCSS.8.EE.C.7B

What is 7.25% converted to a decimal?

• .725
• 0.725
• 0.0725
• 7.25

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CCSS.HSA.SSE.B.3

Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.

• $2794.10
• $2738.11
• $2774.98
• $2807.11

Andy invests $500 into an account with 4.8% interest, compounded monthly. How much will be in the account in 10 years?

• $799.06
• $520.36
• $807.26
• $877.61

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

How many times does compounded quarterly a year mean?

• 4 
• 12
• 52
• 365

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

Which color comes between Blue and Violet in a rainbow?

• Indigo
• Tiel
• Maroon
• Purple

How much money would you have to invest into an account earning 2% interest compounded quarterly to end up with $1000 after 4 years?

• $923.36
• $1,083.07
• $980.39
• $458.71