
Compound interest
Quiz
•
Mathematics
•
8th - 9th Grade
•
Medium
+3
Standards-aligned
Nicole Forrester
Used 10+ times
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29 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Caiden earned $475 from mowing lawns last summer.He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Emily’s parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semiannually,what will be the balance after 18 years?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded monthly, how much total will he have paid after 5 years?
4.
MULTIPLE CHOICE QUESTION
30 sec • 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?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Kennedy 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 interest will she earn in 10 years?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually,how much interest will Riley earn in 15 years?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Twelve years ago, Claire put $1,800 in an account that pays an interest rate of 2.5% compounded semiannually.She now plans to take the money in that account and invest it in another account that earns 4% interest compounded monthly. How much money will be in this new account after 7 years?
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