Compound interest Quizziz

If interest is compounded annually, how many times a year will interest be paid?

• 1

• 2

• 4

• 12

• 365

If interest is compounded quarterly, how many times a year will interest be paid?

• 1

• 2

• 4

• 12

• 365

Tags

CCSS.HSF-LE.A.1C

Which of the following types of compounded interest structures will have 12 interest payments a year?

• Annually

• Semi-Annually

• Quarterly

• Monthly

• Daily

Logan invests $5,000 into a CD account at the local bank. The account pays 3.2% interest, compounded monthly, for the next 5 years.

What is the principle amount in the problem?

• $5,000

• 3.2%

• 5 years

• 12

A boat loses 15% of its value annually. If the boat was purchased for $100,000 and will be sold in 20 years.

Which of the following is the principle value in the situation?

• 15%

• $100,000

• 20 years

• $3,875

Tags

CCSS.HSF.BF.A.2

What is 32% written as a decimal?

• 32

• 3.2

• 0.32

• 0.032

What is 8% written as a decimal?

• 8

• 0.8

• 0.08

• 0.008

What is 2.8% written as a decimal?

• 2.8

• 0.0028

• 0.28

• 0.028

$300 invested at 5% will be worth what value in 5 years if if is compounded annually?

• $315.00

• $382.88

• $375.00

• $365.84

Tags

CCSS.HSF-LE.A.1C

Frankie invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Frankie earn in 15 years?

• $1,584.62

• $2,651.39

• $2,706.86

• $1,825.10