#3I - Compounding Interest

#3I - Compounding Interest

10th - 11th Grade

11 Qs

quiz-placeholder

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#3I - Compounding Interest

#3I - Compounding Interest

Assessment

Quiz

Mathematics

10th - 11th Grade

Easy

CCSS
HSA.CED.A.1, HSF-LE.A.1C, HSF.BF.A.2

+5

Standards-aligned

Created by

Angel Willis

Used 2+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much total will she earn in 10 years?

$4915.59
$3933.28
$2979.81
$4005.09

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

2 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

CCSS.HSF.LE.B.5

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

You invest $1600 at an annual interest rate of 4.6% compounded continuously. How much will you have in the account after 4 years.

$800.26
$6,701.28
$10,138.07
$1,923.23

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

CCSS.HSF.LE.B.5

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

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

Tags

CCSS.HSF-LE.A.1C

5.

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 monthly. What will be his balance after 15 years?

$827.52
$839.17
$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

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Determine the balance in the account if you deposited $4,000 at an interest rate of 3.4% compounded quarterly for three years.

$4422.03
$4427.62
$4428.90
$4429.51

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

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Determine the balance in the account if you deposited $4,000 at an interest rate of 3.4% compounded monthly for three years.

$4422.03
$4427.62
$4428.90
$4429.51

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

CCSS.HSF.LE.B.5

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