
Compound Interest
Quiz
•
Mathematics
•
11th Grade
•
Easy
Cara Battle
Used 2+ times
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6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Caiden deposited $475 in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?
$827.52
$831.10
$839.45
$846.80
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Emily would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.
3.
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
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually.
Which exponential equation can be used to find how much money Karla will earn in 15 years?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Stephanie signed up for a direct deposit transfer into her savings account from her checking account. Every month $150 is withdrawn from her checking account. The interest in this account is at 2.6% compounded monthly. How much will be in the account at the end of 6.5 years?
$12,731.79
0
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bill deposited $3,500 into an account that pays 1.85% interest compounded weekly. How much will he have in his account at the end of 3 years?
$3,311.07
$3,699.71
$3,468.09
$3,791.11
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