
Compound Interest
Quiz
•
Mathematics
•
8th Grade
•
Hard
+4
Standards-aligned
Rick Griffin
Used 27+ times
FREE Resource
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8 questions
Show all answers
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.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
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.HSA.SSE.A.1
CCSS.HSA.SSE.B.4
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You invested $1,900 at 4% interest compounded annually for 3 years. How much interest did you earn in 3 years?
Tags
CCSS.HSF.BF.A.2
4.
MULTIPLE CHOICE QUESTION
5 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 years?
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Jorge earns 5.6% compound interest on his savings account. If he placed $13,000 in the account for 3 years, how much interest will Jorge earn?
$2,308.59
$15,308.59
$36,353.41
$7,491.41
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Allison took out a loan for $31,980. The bank charges her 7.5% compound interest. After 7 years, how much interest will Allison have paid?
$53,056.39
$28,704.58
$26,337.91
$21,076.39
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Roosevelt borrowed $245,000 from the bank to purchase a new home. The bank charges 6.25% compound interest. At the end of 30 years, how much will Roosevelt have paid for the house?
$1,020,199.24
$1,510,199.24
$1,265,199.24
$872,345.24
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