Compound Interest
Authored by Marissa Cossaro
Mathematics
9th Grade
CCSS covered
Used 1K+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Change 6.5% to a decimal
.65
6.5
.065
.065%
Tags
CCSS.5.NBT.A.3
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Change 18% to a decimal
18
.18
.018
.18%
Tags
CCSS.5.NBT.A.3
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does P represent in the equation A=P(1+r)^t
rate
principal
time
amount
Tags
CCSS.HSA.SSE.A.1
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does r represent in the equation A=P(1+r)^t
rate
principal
time
amount
Tags
CCSS.HSA.SSE.A.1
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Caiden deposited $475 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
Tags
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You borrowed $59,000 for 2 years at 11% which was compounded annually. What is the total?
$13,693.90
$1,363.90
$72,693.90
$73,793.90
Tags
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.B.4
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You borrowed $1,690 for 5.5 years at an interest of 5.7%. How much is the total you pay?
$1,690
$2,292.45
$1,87.55
$3,982.45
Tags
CCSS.HSF.BF.A.2
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