Compound Interest
9th Grade
•16 Qs
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Compound Interest
Quiz
•
Mathematics
•
9th Grade
•
Medium
+11
Standards-aligned
Cathy Sue Mcdaniel
Used 26+ times
FREE Resource
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16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Semi-Annually means how many times a year?
Tags
CCSS.3.MD.A.1
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Change 6.75% to a decimal.
Tags
CCSS.5.NBT.A.3
3.
MULTIPLE CHOICE QUESTION
3 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.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
4.
MULTIPLE CHOICE QUESTION
3 mins • 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.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSA.SSE.B.4
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
Tags
TEKS.MATH.2A.5B
TEKS.MATH.A.9C
6.
MULTIPLE CHOICE QUESTION
5 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?
Tags
CCSS.HSF-LE.A.1C
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Monthly means how many times a year?
Tags
CCSS.3.MD.A.1
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