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Compound Interest

Mathematics

12th Grade

CCSS covered

Used 2+ times

Compound Interest
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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?

$827.52
$831.10
$839.45
$846.80

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Change 6.75% to a decimal.

67.5
.675
675
.0675

Tags

CCSS.5.NBT.A.3

3.

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.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The Arnold's took out a loan for $195,000 to purchase a home. At 4.3% interest rate compounded annually, how much will they have paid after 30 years?

$412,749.79
$529.305.61
$689,546.99
$640,891.53

Tags

CCSS.HSF-LE.A.1C

5.

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?

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

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Semi-Annually means how many times a year?

2
1
6

Tags

CCSS.6.RP.A.3B

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

Principle
Interest
Time
Percent Rate

Tags

CCSS.8.EE.C.7B

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