Unit 3 Review
Authored by Jessica Siano
Mathematics
12th Grade
CCSS covered
Used 18+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
3 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?
Tags
CCSS.HSF-LE.A.1C
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Determine the balance in the account if you deposited $4,000 at an interest rate of 3.4% compounded monthly for three years.
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSF.LE.B.5
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What does the n stand for in this formula?
Initial amount
Final amount
Rate
Time
The number of times compounded per year
Tags
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.B.5
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What does the P stand for in this formula?
Initial amount
Final amount
Rate
Time
The number of times compounded per year
Tags
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.4
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The simple interest formula is I=Prt. What does the t represent?
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
You want to go on a special cruise with your significant other for your anniversary in 8 years. The cruise costs $5811 for both of you. You invest in an account with an interest rate of 3.4% compounded monthly. How much do you need to invest now to be able to take the trip?
$4422.03
$4427.62
$4428.90
$4429.51
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
You invest $1600 at an annual interest rate of 4.6% compounded continuously. How much will you have in the account after 4 years?
$800.26
$6,701.28
$10,138.07
$1,923.23
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