Compound Interest
Quiz
•
Mathematics
•
9th - 12th Grade
•
Medium
+2
Standards-aligned
Molly Snyders
Used 2+ times
FREE Resource
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12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Monthly means how many times a year?
Tags
CCSS.4.MD.A.1
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Heather invested $8,000 in an account that pays 4.1% interest compounded annually when she was 22. What will be the value of the account when she is 26?
$9,394.92
$9,312.00
$1,394.00
$1,312.00
Tags
CCSS.HSF-LE.A.1C
3.
FILL IN THE BLANK QUESTION
15 mins • 1 pt
Zach's parents put $1,500 in his bank account for college tuition. At an interest rate of 8.25% compounded quarterly, what will be the balance after 18 years?
4.
FILL IN THE BLANK QUESTION
15 mins • 1 pt
Tracy 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?
5.
FILL IN THE BLANK QUESTION
15 mins • 1 pt
Gary deposited $500 in an account that earns 3% interest compounded annually. How much interest will the account earn after 6 years?
Tags
CCSS.HSF.BF.A.2
6.
FILL IN THE BLANK QUESTION
15 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.
7.
FILL IN THE BLANK QUESTION
15 mins • 1 pt
Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.
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