
Compound Interest
Quiz
•
Mathematics
•
7th - 12th Grade
•
Hard
+5
Standards-aligned
Paige Sutcliff
Used 1+ times
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What principal will amount to $4500 if invested at 4% interest compounded quarterly for 5 years?
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.CED.A.4
2.
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
3.
MULTIPLE CHOICE QUESTION
1 min • 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.HSA.SSE.A.1
CCSS.HSA.SSE.B.4
CCSS.HSF.LE.A.1
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.LE.B.5
5.
MULTIPLE CHOICE QUESTION
15 mins • 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?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cam borrows $6500 off the bank. The interest rate is 5% compounded annually. It takes him 4 years to repay the money. How much INTEREST does he end up paying?
7.
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
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