Annual Compound Interest
Authored by Demetrious Howard
Mathematics
9th - 12th Grade
CCSS covered
Used 6+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A bank is offering 7% annual compound interest on a savings account. If you deposit $1,500, what will be the total amount of money in your savings account after three years?
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A bank is offering 7% annual compound interest on a savings account. If you deposit $1,500, how much interest will you earn in three years?
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Kara borrowed $21,000 for 5½ years at an annual compound interest rate of 7.5% to buy a car. What is the total amount she will repay the bank for the auto loan?
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Kara borrowed $21,000 for 5½ years at an annual compound interest rate of 7.5% to buy a car. How much interest will she pay on top of the principal at the end of the 5½ years?
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Aaron deposited $3,000 into a savings account. How much will Aaron have in his account after 5 months at an annual compound interest rate of 3¼%?
Tags
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.LE.B.5
CCSS.HSA.CED.A.4
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Your investment of $20,000 received 5.2% annual interest. How much do you have at the end of 3 years?
$23,285.05
$3,285.05
$2,385
$32,285
Tags
CCSS.HSF.BF.A.2
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You borrowed $59,000 for 2 years at 11% annual interest. What total will you pay back?
$13,693.90
$1,363.90
$72,693.90
$73,793.90
Tags
CCSS.HSF.BF.A.2
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