
Compound Interest
Authored by undefined Howard
Mathematics
11th Grade
CCSS covered
Used 4+ times

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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Hayden 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 years?
$827.52
$831.10
$839.45
$846.80
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.HSF.LE.A.2
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.A.1
CCSS.HSA.SSE.B.4
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Semi-Annually means how many times a year?
Tags
CCSS.3.MD.A.1
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Change 6.75% to a decimal.
Tags
CCSS.5.NBT.A.3
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Laysha invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Laysha earn in 15 years?
$1,584.62
$2,651.39
$2,706.86
$1,825.10
6.
MULTIPLE CHOICE QUESTION
15 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.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.A.1
CCSS.HSA.SSE.B.4
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.B.4
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