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Interest

Authored by rachel wagner

Life Skills

9th - 12th Grade

CCSS covered

Used 1+ times

Interest
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10 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Semi-Annually means how many times a year?

2
1
6

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Change 6.75% to a decimal.

67.5
.675
675
.0675

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Monthly means how many times a year?

12
52
365

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Heather

invested $8,000 in a 4-year Certificate of Deposit (CD) that pays 4.1% interest

compounded annually. What is the value of the CD at the end

of the 4 years?

$9,394.92

$9,312.00

$1394.00

$1312.00

5.

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

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

I invest $3000 for 4 years at 3% that is compounded annually. Find the total money I have in the bank after 4 years ?

$3376.52

$3376

$3377

$376.52

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If Jarvis borrow $675 for six years at a simple interest rate of 10% , how much interest will he pay ?

$504

$1048

$405

$1055

Tags

CCSS.7.RP.A.3

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