
Compound Interest (Algebra)
Quiz
•
Mathematics
•
8th - 9th Grade
•
Medium
+6
Standards-aligned
Travis Rohrer
Used 5+ times
FREE Resource
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7 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.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
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.HSA.SSE.A.1
CCSS.HSA.SSE.B.4
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
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
15 mins • 1 pt
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
Tags
CCSS.HSF.BF.A.2
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Change 6.75% to a decimal.
Tags
CCSS.5.NBT.A.3
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Find the following Balance:
$600 invested at 6% compounded annually for 7 years.
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Given an investment of$ 1,500:
What would be the balance after 5 years if you chose option 2?
Option 1 - 4% compounded monthly
Option 2 - 3.9% compounded daily.
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
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