Compound Interest

Compound Interest

10th - 12th Grade

10 Qs

quiz-placeholder

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Compound Interest

Compound Interest

Assessment

Quiz

Mathematics

10th - 12th Grade

Medium

CCSS
4.MD.A.1, HSF-LE.A.1C, 7.RP.A.3

Standards-aligned

Created by

Shannon Jenks

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

In the compound interest formula A=P(1+r)t what does the A stand for?

The amount of interest

The total amount

The interest rate

The time

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

In the compound interest formula A=P(1+r)t what does the P stand for?

The time

The total amount

The principal amount (original amount)

The interest rate

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Monthly means how many times a year?

12
52
365

Tags

CCSS.4.MD.A.1

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Semi-Annually means how many times a year?

4

2

1

6

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Julia invested $1000 for college in an account earning 5% compounded annually. When she checked the account after 4 years, how much money did she find in the account?

Not enough

$563.24

$1215.51

$3200.12

Tags

CCSS.HSF-LE.A.1C

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Daniel invests $360 in a bank account that is compounded annually for 8 years with an interest rate of 5.5%. What will be the total amount in the account after the 8 years is over?

$625.88

$950.12

$315.45

$552.49

7.

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?

$1,584.62
$2,651.39
$2,706.86
$1,825.10

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