Compound Interest
Authored by Jorge Batrez
Mathematics
9th - 11th Grade
CCSS covered
Used 838+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Semi-Annually means how many times a year?
4
2
1
6
Tags
CCSS.6.RP.A.3B
2.
MULTIPLE CHOICE QUESTION
15 mins • 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.HSA.SSE.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.2
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Monthly means how many times a year?
Tags
CCSS.3.MD.A.1
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Heather
invested $8,000 in a 4-year Certificate of Deposit (CD) that pays 4.1% interest
compounded annually. What is the value of the CD at the end
of the 4 years?
$9,394.92
$9,312.00
$1394.00
$1312.00
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.2
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Zach's parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semi-annually, what will be the balance after 18 years?
$6,273.50
$6,314.08
$6,385.72
$6,427.94
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Approximately what interest rate would be needed in order to grow Christian's investment of $1400 to $2500 in 10 years if the interest was compound monthly?
5.96%
5.84%
5.81%
5.88%
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.1
CCSS.HSA.SSE.B.4
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Treasure 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.7.RP.A.3
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