
Compound Interest
Authored by Maria Woodruff
Mathematics
10th - 12th Grade
CCSS covered
Used 3+ times

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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compound interest means I earn...
interest on my interest
interest at the end of the year
interest every month
interest only once
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Simple Interest makes more money than Compound Interest
True
False
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the equation for compound interest?
y=p(1+r)t
y=p(1-r)t
y=p(1+r/n)nt
y=p(1-n/r)n
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSF.IF.A.2
CCSS.HSF.LE.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the compound interest formula, n =
the number of times compounded per year
the interest rate
the initial amount started with
the number of years
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the compound interest formula, P =
the number of times compounded
total amount in account
the interest rate
the principle - starting amount
Tags
CCSS.HSF.LE.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the rate for this compound interest formula?
55%
4%
5.5%
3%
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
7.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
You have $900 invested in an account earning 5% compounded annually, how much do you have after 7 years?
$907
$1266
$7031
$1437
Tags
CCSS.HSF-LE.A.1C
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