
ELF-4 Review
Authored by C Rossi-O
Mathematics
9th - 12th Grade
CCSS covered
Used 1+ times

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21 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Bruno was given $2000 when he turned 3 years old. His parents invested it at a 2% interest rate compounded annually. No deposits or withdrawls were made. Which expression can be used to determine how much money Bruno had in the account when he turned 16?
Tags
CCSS.HSF.BF.A.2
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Change 6.75% to a decimal.
3.
MULTIPLE CHOICE QUESTION
15 mins • 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?
4.
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.HSF.LE.A.2
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.A.1
CCSS.HSA.SSE.B.4
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Given an investment of $1,500:
Which investment would have a larger balance after 5 years?
Option 1 - 4% compounded monthly
Option 2 - 3.9% compounded daily.
Tags
CCSS.HSF.LE.A.2
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.A.1
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You want to save $5,000 for future family vacation. If the bank pays 4.3% compounded monthly for 3 years, then how much will you need to invest to reach your vacation goal?
Tags
CCSS.HSF.LE.A.2
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.B.5
CCSS.HSA.CED.A.4
7.
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.HSF.LE.A.2
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.B.4
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