6-3:Compound Interest
Authored by Danica Martinez
Mathematics
9th - 12th Grade
CCSS covered
Used 1+ times
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10 questions
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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?
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Semi-Annually means how many times a year?
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.
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.B.4
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.
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Monthly means how many times a year?
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?
Tags
CCSS.HSF-LE.A.1C
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