Compound Interest

Compound Interest

10th - 11th Grade

5 Qs

quiz-placeholder

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Compound Interest

Compound Interest

Assessment

Quiz

Mathematics

10th - 11th Grade

Medium

CCSS
HSA.CED.A.1, 3.MD.A.1, HSA.SSE.A.1

+5

Standards-aligned

Created by

Nicholas Matiash

Used 2+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Karla earn in 15 years?

$1,584.62
$2,651.39
$2,706.86
$1,825.10

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Monthly means how many times a year?

12
52
365

Tags

CCSS.3.MD.A.1

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.

$2794.10
$2738.11
$2774.98
$2807.11

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

4.

MULTIPLE CHOICE QUESTION

5 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.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?

$1,225,54
$2,225.54
$22,255.40
$225.54

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.LE.B.5

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