
Compound Interest
Authored by Alejandra Soto-Suarez
Mathematics
11th - 12th Grade
CCSS covered
Used 7+ times

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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?
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?
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?
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?
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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