compound interest assignment
Authored by Trey Owens
Mathematics
9th - 12th Grade
CCSS covered
Used 78+ times
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18 questions
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1.
FILL IN THE BLANK QUESTION
30 sec • 5 pts
How much would an account be worth after 25 years if a principal of $5000 is deposited into an account with an interest rate of 3.75% compounded monthly?
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
2.
FILL IN THE BLANK QUESTION
30 sec • 5 pts
Sarah invested $150 into a bank. The bank will pay 8% interest, compounded annually. How much interest did Sarah gain in 3 years?
Tags
CCSS.HSF.BF.A.2
3.
FILL IN THE BLANK QUESTION
30 sec • 5 pts
Misty has € 5000 (euros) to invest. She invests her money in a bank that pays 4.4% interest compounded annually.
How much money does Misty have at the end of 15 years? Round your answer to a whole euro.
Tags
CCSS.HSF-LE.A.1C
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Hei-Hei has $1500 in a retirement account earning 5% interest compounded annually. After 5 years how much does Hei-Hei have in the account?
$1750
$2010.14
$2500
$1914.42
Tags
CCSS.HSF-LE.A.1C
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Semi-Annually means how many times a year?
4
2
1
6
Tags
CCSS.3.MD.A.1
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the compound interest formula A=P(1+r)t what does the A stand for?
The amount of interest
The total amount
The interest rate
The time
Tags
CCSS.HSA.SSE.A.1
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Treasure won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much total will she earn in 10 years?
$4915.59
$3933.28
$2979.81
$4005.09
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSF.LE.B.5
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