Compound Interest

Compound Interest

1st - 4th Grade

6 Qs

quiz-placeholder

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Compound Interest

Compound Interest

Assessment

Quiz

Mathematics

1st - 4th Grade

Practice Problem

Medium

CCSS
HSA.CED.A.1, 3.MD.A.1, HSA.SSE.A.1

+4

Standards-aligned

Created by

Robert Muthomi

Used 1+ times

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded monthly, how much total will he have paid after 5 years?

$33,299.42       playing dodgeball
$33,672.68   climbing trees
$34,157.04         riding unicycles
$34,710.88      flipping pancakes

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much interest will she earn in 10 years?

$915.59                Rome
$933.28             Sydney
$979.81               Dublin
$1,005.09              Paris

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Karla earn in 15 years?

$1,584.62
$2,651.39
$2,706.86
$1,825.10

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

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Emily would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.

$15,415.94
$15,683.28
$15,927.56
$16,109.05

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

CCSS.HSF.LE.A.1

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Emily would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.

$15,415.94
$15,683.28
$15,927.56
$16,109.05

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Monthly means how many times a year?

12
52
365

Tags

CCSS.3.MD.A.1

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