![8.12(D) [R] Compound](https://cf.quizizz.com/img/wayground/activity/activity-square.jpg?w=200&h=200)
8.12(D) [R] Compound
Quiz
•
Mathematics
•
9th Grade
•
Medium
Standards-aligned
Pablo Lopez
Used 1+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Write the percent as a decimal.
4.3%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the formula for Compound Interest?
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The compound interest formula is:
A = P(1 + r)t
What does the A represent?
The amount of interest earned.
The amount of time that has passed.
The total amount of money after a certain amount of time.
The amount required to invest.
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Find the compound interest:
Principal: $1735
Interest Rate: 0.8%
Time: 1 year
Tags
CCSS.HSF.BF.A.2
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sara takes out a $30000 loan for her new Honda Civic. She will pay back the entire loan at the end of 8 years. It is a compound interest loan with an interest rate of 7.25%. How much will she have to pay at the end of 8 years?
$17400.00
$30725.00
$52516.97
$2351982.31
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You take out a loan for $175,000. Which option will cost you less?
A) Simple Interest rate of 4.17% over 15 years
B) Compound Interest rate of 3.5% over 15 years
Option A
Option B
they are both equal
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You deposit $2,500 in a savings account.
What is the difference in the amount of interest that will be paid in each situation?
Option A) Interest rate of 8.25% simple interest for 2 years
Option B) Interest rate of 6.5% compounded annually for 2 years
$769.40
$335.56
$76.94
$68.52
Tags
CCSS.7.RP.A.3
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