Financial Math: Compound Interest

Financial Math: Compound Interest

12th Grade

5 Qs

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Financial Math: Compound Interest

Financial Math: Compound Interest

Assessment

Quiz

Mathematics

12th Grade

Practice Problem

Easy

Created by

Jeff Da Moude

Used 1+ times

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5 questions

Show all answers

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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