Compound Interest
Mathematics
11th Grade
CCSS covered
Used 4+ times
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20 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.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
2.
MULTIPLE CHOICE QUESTION
45 sec • 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.
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.B.4
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Semi-Annually means how many times a year?
Tags
CCSS.6.RP.A.3B
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The simple interest formula is I=Prt.
What does the t represent?
Tags
CCSS.8.EE.C.7B
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.B.4
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