
Intro to compound interest
Authored by Matt Murphy
Mathematics
8th - 10th Grade
CCSS covered
Used 21+ times

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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If interest is compounded annually, how many times a year will interest be paid?
1
2
4
12
365
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If interest is compounded quarterly, how many times a year will interest be paid?
1
2
4
12
365
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following types of compounded interest structures will have 12 interest payments a year?
Annually
Semi-Annually
Quarterly
Monthly
Daily
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A home is purchased in the Raleigh area for $250,000. The home value is expected to increase at 3% annually.
Is this an example of exponential growth or exponential decay?
Growth because the value is expected to increase.
Growth because the value is expected to decrease.
Decay because the value is expected to increase.
Decay because the value is expected to decrease.
Tags
CCSS.HSF-IF.C.8B
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A new car is purchased in the Raleigh area for $30,000. The car value is expected to decrease at 12% annually.
Is this an example of exponential growth or exponential decay?
Growth because the value is expected to increase.
Growth because the value is expected to decrease.
Decay because the value is expected to increase.
Decay because the value is expected to decrease.
Tags
CCSS.HSF-IF.C.8B
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mary invests $5,000 into a CD account at the local bank. The account pays 3.2% interest, compounded monthly, for the next 5 years.
What is the principle amount in the problem?
$5,000
3.2%
5 years
12
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mary invests $5,000 into a CD account at the local bank. The account pays 3.2% interest, compounded monthly, for the next 5 years.
What is the rate in the problem?
$5,000
3.2%
5 years
12
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