Compound Interest
Quiz
•
Mathematics
•
9th - 12th Grade
•
Easy
Standards-aligned
Maria Woodruff
Used 2+ times
FREE Resource
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26 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Find the balance in the account after the given period.
$12,000 principal earing 4.8% compounded annually after 7 years.
$3,243.19
$16,661.35
$15,243.19
$4,661.35
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Find the balance in the account after the given period.
$5000 deposit earning 1.5% compounded quarterly after 3 years
$5,229.70
$7,604.38
$7,777.27
$5,538.86
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Your 6 year investment of $40,000 at 14% compounded quarterly is worth how much now?
$928,488.27
$49,170.21
$91,333.14
$51,333.14
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Change 6.75% to a decimal.
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Karla earn in 15 years?
Tags
CCSS.HSF-LE.A.1C
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Emily would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does P represent in the equation A=P(1+r)^t
rate
principal
time
amount
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