
Compound Interest Quiz
Mathematics
12th Grade
CCSS covered
Used 36+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
In the formula for compound interest, what does the A stand for?
Total of Interest and Principal
Interest Only
Andrew Jacksons (He's on the $20 bill)
Accrued debt
Tags
CCSS.HSF.LE.B.5
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
In the formula for compound interest, what does the n stand for?
Number of compounding periods per year
Number of years
Number of deposits
Number of dollars
Tags
CCSS.HSF.LE.B.5
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
When using the formula for compound interest, what is the value of n if an account compounds annually?
1
2
4
12
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.CED.A.4
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
When using the formula for compound interest, what is the value of n if an account compounds semi-annually?
1
2
4
12
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.CED.A.4
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
When using the formula for compound interest, what is the value of n if an account compounds quarterly?
1
2
4
12
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.4
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
When using the formula for compound interest, what is the value of n if an account compounds monthly?
1
2
4
12
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.CED.A.4
7.
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.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
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