Compound Interest

Compound Interest

8th - 9th Grade

6 Qs

quiz-placeholder

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Compound Interest

Compound Interest

Assessment

Quiz

Mathematics

8th - 9th Grade

Medium

CCSS
HSA.CED.A.1, 3.MD.A.1, 5.NBT.A.3

+5

Standards-aligned

Created by

Tucker Smith

Used 2+ times

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Semi-Annually means how many times a year?

2
1
6

Tags

CCSS.3.MD.A.1

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Change 6.75% to a decimal.

67.5
.675
675
.0675

Tags

CCSS.5.NBT.A.3

3.

MULTIPLE CHOICE QUESTION

15 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.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

4.

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.

$15,415.94
$15,683.28
$15,927.56
$16,109.05

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

CCSS.HSF.LE.A.1

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

$12712.31
$12,749.30
$12,657.59
$12550.84

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The population of City A is 16,500 and is growing by approximately 2.5% per year. The population of City B is 25,000 and is decreasing approximately 4% per year. Choose the best answer for the equations that model these functions and the # of years it will take for their populations to be equal.

16,500(1.25)x; 25,000(0.96)x; 6 years

16,500(1.025)x; 25,000(0.6)x; 6.5 years

16,500(1.025)x; 25,000(0.96)x; 6.3 years

16,500(1.025)x; 25,000(0.96)x; 6.5 years

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