Search Header Logo

Compounded Interest

Authored by Melissa Mitchell

Mathematics

10th Grade

CCSS covered

Used 3+ times

Compounded Interest
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

$12712.31
$12,749.30
$12,657.59
$12550.84

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Fong wants to restore a '66 Mustang in 8 years. He puts $150 into an account every month that pays 3.5% interest, compounded monthly. How much is in the account in 8 years?

$16,590.38
$10,496.77
$76,108.90
$71,984.01

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?

$47,798.90
$87,798.90
$127,798
$7,798

Tags

CCSS.HSF.BF.A.2

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

You borrowed $59,000 for 2 years at 11% which was compounded annually.  What total will you pay back?

$13,693.90
$1,363.90
$72,693.90
$73,793.90

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Semi-Annually means how many times a year?

2
1
6

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Change 6.75% to a decimal.

67.5
.675
675
.0675

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Monthly means how many times a year?

12
52
365

Tags

CCSS.4.MD.A.1

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?