
Compound Interest
Mathematics
10th - 12th Grade
CCSS covered
Used 1+ times

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6 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
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?
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
15 mins • 1 pt
Olivia 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?
$15,415.94
$15,683.28
$15,927.56
$16,109.05
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Annually means compounding how many times a year?
4
2
1
6
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Shawn is buying a new Jet Ski for $12,500. He is considering 2 credit options. Option A offers a 6 year loan with 8.5% interest compounded quarterly, while Option B offers a 5 year loan with 10% interest compounded annually.Which option is better and how much will he save?
Option A; $495.21
Option A; $573.83
Option B; $495.21
Option B; $573.83
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Daily means compounding how many times a year?
7
365
360
52
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Quarterly means compounding how many times a year?
50
2
4
25
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