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Compound Interest

Authored by Alejandra Soto-Suarez

Mathematics

11th - 12th Grade

CCSS covered

Used 7+ times

Compound Interest
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20 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Your 3 year investment of $20,000 received 5.2% interest compounded annually.  What is your total return?

$23,285.05
$3,285.05
$2,385
$32,285

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

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?

$13,693.90
$1,363.90
$72,693.90
$73,793.90

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

3.

MULTIPLE CHOICE QUESTION

5 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

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

You borrowed $1,690 for 5 1/2 years at an interest of 5.7% compounded annually.  How much extra did you pay by taking out the loan?

$602.45
$2,292.45
$1,87.55
$3,982.45

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Your $440 gets 5.8% interest compounded annually for 8 years. What will your $440 be worth in 8 years?

$250.78

$690.78

$1,130

$940.78

Tags

CCSS.HSF-LE.A.1C

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded monthly, how much total will he have paid after 5 years?

$33,299.42

$33,672.68

$34,157.04

$34,710.88

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Twelve years ago, Claire put $1,800 in an account that pays an interest rate of 2.5% compounded semiannually.She now plans to take the money in that account and invest it in another account that earns 4% interest compounded monthly. How much money will be in this new account after 7 years?

$3,207.40

$3,348.96

$3,574.15

$3,733.62

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