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8.12D Compound Interest DC #2

Authored by Connor Bryant

Mathematics

8th Grade

CCSS covered

Used 2+ times

8.12D Compound Interest DC #2
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5 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Find the following Balance:
$600 invested at 6% compounded annually for 7 years.

$2273.04
$1080.57
$1057.95
$902.18

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

James needs 1200 to fund a project. He borrows the money off the bank at an interest rate of 4.5% for 3 years compounded annually. Calculate how much interest he pays (not the total amount)

1369.40
1268
169.40
162

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Nick borrows $9200 at an interest rate of 7% interest for 4 years compounded annually. Calculate the total amount he has to repay 

2859.32
12059.32
10000
12059

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the total amount in the account to the nearest cent if the interest is compounded annually. 
$2750 at 8% for 2 years

$2200.00
$3207.60
$8910.00
$2750

Tags

CCSS.HSF-LE.A.1C

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is the total balance for a loan of $400 compounded annually that has a rate of 11% for 4 years

$207.23
$607.23
$176
$576

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