Compounded Interest

Compounded Interest

10th Grade

10 Qs

quiz-placeholder

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Compounded Interest

Compounded Interest

Assessment

Quiz

Mathematics

10th Grade

Easy

CCSS
HSF.BF.A.2, 4.MD.A.1, HSF-IF.C.8B

Standards-aligned

Created by

Melissa Mitchell

Used 3+ times

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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

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