Compound Interest

Compound Interest

9th Grade

20 Qs

quiz-placeholder

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Compound Interest

Compound Interest

Assessment

Quiz

Mathematics

9th Grade

Practice Problem

Medium

CCSS
HSA.CED.A.1, HSF.LE.A.2, HSA.SSE.A.1

+9

Standards-aligned

Created by

Margaret Seifer

Used 25+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What principal will amount to $4500 if invested at 4% interest compounded quarterly for 5 years?

$3463.04
$3366.58
$3687.95
$3903.18

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.

$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

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Principal: $5000

Interest Rate: 3.75%

Time: 25 years

Compounded Monthly

State the future account balance.

$12712.31

$12,749.30

$12,657.59

$12550.84

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Solve for x:
23x + 1 = 32

0
-1
5/3
4/3

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which equation represents an investment of $400 for 5 years when the interest rate is 4.29% each year?

y=400(1 - 0.0429)5

y=400(1+.0429)5

y=400(1+ 4.29)5

y=400e0.049*5

6.

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 years?

$827.52

$831.10

$839.45

$846.80

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much total will she earn in 10 years?

$4915.59
$3933.28
$2979.81
$4005.09

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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