Financial Math: Compound Interest
Quiz
•
Mathematics
•
12th Grade
•
Practice Problem
•
Easy
Jeff Da Moude
Used 1+ times
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5 questions
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1.
MATH RESPONSE QUESTION
2 mins • 1 pt
Find the total amount after four years if the interest is compounded annually.
Principal = $6,250
Rate of Interest= 20% per year
Total Amount= ?
Round your answer to the nearest hundredth if needed.
You do not need to put a dollar sign next to your answer.
Mathematical Equivalence
ON
2.
MATH RESPONSE QUESTION
2 mins • 1 pt
Find the total amount after five years if the interest is compounded semi-annually.
Principal = $6,000
Rate of Interest= 20% per year
Total Amount= ?
Round your answer to the nearest hundredth if needed.
You do not need to put a dollar sign next to your answer.
Mathematical Equivalence
ON
3.
MATH RESPONSE QUESTION
2 mins • 1 pt
Find the total amount after five years if the interest is compounded quarterly.
Principal = $6,000
Rate of Interest= 8.5% per year
Total Amount= ?
Round your answer to the nearest hundredth if needed.
You do not need to put a dollar sign next to your answer.
Mathematical Equivalence
ON
4.
MATH RESPONSE QUESTION
2 mins • 1 pt
Find the total amount after five years if the interest is compounded monthly.
Principal = $5,000
Rate of Interest= 8.5% per year
Total Amount= ?
Round your answer to the nearest hundredth if needed.
You do not need to put a dollar sign next to your answer.
Mathematical Equivalence
ON
5.
MATCH QUESTION
1 min • 1 pt
10
n
$4689.24
t
$3000
r
.045
p
4
B
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