Compound Interest Formula and Compounding Continuously
Authored by Jahara Mendonca
Mathematics
10th - 12th Grade
CCSS covered
Used 62+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following exponential equations is the formula for compound interest?
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the n stand for in this formula?
Initial amount
Final amount
Rate
Time
The number of times compounded per year
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the r stand for in this formula?
Initial amount
Final amount
Rate
Time
The number of times compounded per year
Tags
CCSS.HSF-IF.C.8B
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Change 6.5% to a decimal
.65
6.5
.065
.065%
Tags
CCSS.5.NBT.A.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the P stand for in this formula?
Initial amount
Final amount
Rate
Time
The number of times compounded per year
Tags
CCSS.HSF-IF.C.8B
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Quarterly means how many times a year?
4
2
1
6
Tags
CCSS.8.EE.C.7B
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Annually means how many times a year?
4
2
1
6
Tags
CCSS.8.EE.C.7B
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