
Compound Interest
Quiz
•
Mathematics
•
8th Grade
•
Easy
+6
Standards-aligned
Jumoke Babalola
Used 9+ times
FREE Resource
Enhance your content in a minute
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Change 6.75% to a decimal.
Tags
CCSS.5.NBT.A.3
2.
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?
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
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The compound interest formula is:
A = P(1 + r)t
What does the A represent?
Tags
CCSS.HSA.SSE.A.1
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You take out a loan for $175,000. Which option will cost you less?
A) Simple Interest rate of 4.17% over 15 years
B) Compound Interest rate of 3.5% over 15 years
Option A
Option B
they are both equal
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.1
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You invested $1,900 at 4% interest compounded annually for 3 years. How much interest did you earn in 3 years?
Tags
CCSS.HSF.BF.A.2
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Your allowance of $190 earned an interest of 11% compounded annually for 1 2/3 years. How much interest did you earn on your allowance?
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
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Write the percent as a decimal.
4.3%
Tags
CCSS.7.NS.A.3
CCSS.7.RP.A.3
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