6-3:Compound Interest

6-3:Compound Interest

9th - 12th Grade

10 Qs

quiz-placeholder

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6-3:Compound Interest

6-3:Compound Interest

Assessment

Quiz

Mathematics

9th - 12th Grade

Hard

CCSS
HSA.CED.A.1, 3.MD.A.1, HSF-LE.A.1C

+5

Standards-aligned

Created by

Danica Martinez

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Your 3 year investment of $20,000 received 5.2% interest compounded annually.  What is your total return?

$23,285.05
$3,285.05
$2,385
$32,285

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

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Semi-Annually means how many times a year?

2
1
6

Tags

CCSS.3.MD.A.1

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Olivia 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.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Given an investment of $1,500:
Which investment would have a larger balance after 5 years?
Option 1 - 4% compounded monthly
Option 2 - 3.9% compounded daily. 

Option 1
Option 2

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

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Monthly means how many times a year?

12
52
365

Tags

CCSS.3.MD.A.1

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Caitlyn 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 total will she earn in 10 years?

$4915.59

$3933.28

$2979.81

$4005.09

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?

$47,798.90
$87,798.90
$127,798
$7,798

Tags

CCSS.HSF-LE.A.1C

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