Compound interest

Compound interest

8th - 9th Grade

29 Qs

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Compound interest

Compound interest

Assessment

Quiz

Mathematics

8th - 9th Grade

Medium

CCSS
HSF-LE.A.1C, 7.RP.A.3, HSF-IF.C.8B

+3

Standards-aligned

Created by

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?

$827.52                     (Mr. Williams)       
$831.10                 (Mrs. Hoch)
$839.45                    (Mr. Krajunus)
$846.80                   (Ms. Palombo)

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?

$6,273.50  frustrated
$6,314.08 bewildered
$6,385.72         pleased
$6,427.94           tickled pink

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?

$33,299.42       playing dodgeball
$33,672.68   climbing trees
$34,157.04         riding unicycles
$34,710.88      flipping pancakes

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?

$15,415.94       LeBron James
$15,683.28            Chase Utley
$15,927.56       Serena Williams
$16,349.72            Tom Brady

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?

$915.59                Rome
$933.28             Sydney
$979.81               Dublin
$1,005.09              Paris

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?

$1,584.62                   the train station
$1,651.39                   the movie theater
$1,706.86                   the art museum
$1,893.45                   the bakery

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?

$3,207.40             eating ice cream 
$3,348.96        chewing gum
$3,574.15            telling math jokes
$3,733.62                   tap dancing

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