Math 1 - Compound Interest

Math 1 - Compound Interest

9th Grade

20 Qs

quiz-placeholder

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Math 1 - Compound Interest

Math 1 - Compound Interest

Assessment

Quiz

Mathematics

9th Grade

Medium

CCSS
7.RP.A.3, HSA.CED.A.1, HSF-LE.A.1C

+7

Standards-aligned

Created by

Karon Thomason

Used 11+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Change 6.75% to a decimal.

67.5
.675
675
.0675

Tags

CCSS.5.NBT.A.3

2.

MULTIPLE CHOICE QUESTION

3 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?

$827.52
$831.10
$839.45
$846.80

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

3 mins • 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

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?

$47,798.90
$87,798.90
$127,798
$7,798

Tags

CCSS.HSF-LE.A.1C

5.

MULTIPLE CHOICE QUESTION

3 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

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

CCSS.HSF.LE.A.1

6.

MULTIPLE CHOICE QUESTION

3 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?

$412,749.79
$529.305.61
$689,546.99
$640,891.53

Tags

CCSS.HSF-LE.A.1C

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Find the total amount in the account to the nearest cent if the interest is compounded annually. 
$2750 at 8% for 2 years

$2200.00
$3207.60
$8910.00
$2750

Tags

CCSS.HSF-LE.A.1C

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