Compound interest
Mathematics
8th Grade
CCSS covered
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15 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Your 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?
Tags
CCSS.HSF.LE.A.1
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back?
Tags
CCSS.HSF.LE.A.1
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.B.4
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Your $440 gets 5.8% interest compounded annually for 8 years. What will your $440 be worth in 8 years?
$250.78
$690.78
$1,130
$940.78
Tags
CCSS.HSF-LE.A.1C
4.
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
5.
MULTIPLE CHOICE QUESTION
5 mins • 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.HSF.LE.A.1
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
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 year?
Tags
CCSS.HSF.LE.A.1
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Change 6.75% to a decimal.
Tags
CCSS.5.NBT.A.3
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