
Compound Interest
Quiz
•
Social Studies, Mathematics
•
9th - 12th Grade
•
Medium
Annmarie Maher
Used 5+ times
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Monthly means how many times a year?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Daily means how many times a year?
4
12
52
365
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Quarterly means how many times a year?
4
2
1
6
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Semi-Annually means how many times a year?
4
2
1
6
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If you are opening a savings account, is it better to have interest compounded daily or quarterly at 7%?
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
To earn as much interest as possible, you should open a savings account that earns ______ interest and has the _____ interest rate.
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
When borrowing, to pay as little interest as possible, you should open a savings account that earns ______ interest and has the _____ interest rate.
compound; lowest
simple ; lowest
compound ; highest
simple ; highest
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