
Compound Interest
Quiz
•
Mathematics
•
11th - 12th Grade
•
Medium
Christopher Cameron
Used 23+ times
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18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Semi-Annually means how many times a year?
4
2
1
6
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Riley earn in 15 years?
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Heather
invested $8,000 in a 4-year Certificate of Deposit (CD) that pays 4.1% interest
compounded annually. What is the value of the CD at the end
of the 4 years?
$9,394.92
$9,312.00
$1394.00
$1312.00
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Zach's parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semi-annually, what will be the balance after 18 years?
$6,273.50
$6,314.08
$6,385.72
$6,427.94
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Treasure 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
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You want to save $5,000 for future family vacation. If you assume you can get an interest rate of 4.3% compounded monthly, then how much will you need to invest NOW to reach your vacation goal in 3 years?
$307,042,791
$5,000
$3,250
$4,395.89
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Johnny takes an undisclosed sum of money and deposits it in a bank at an interest rate of 2%. He leaves the money in the account for 6 years, compounded quarterly. If the Johnny withdraws after 6 years is $455,125, what was the sum of money he deposited?
$403 780
$404 138
$406 362
$436 870
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