Compound Interest
Authored by Jennifer Schaeffer
Mathematics
12th Grade
CCSS covered
Used 37+ times
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17 questions
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1.
LABELLING QUESTION
5 mins • 5 pts
Label each part of the formula
Tags
CCSS.7.RP.A.3
2.
MATCH QUESTION
5 mins • 5 pts
Jacob borrows $500 from Abraham and agrees to have the loan compounded annually for 5 years with an interest rate of 2.5%. How much will the total amount be that Jacob owes?
n
$500
P
Annually
A
Final Amount
r
2.5%
t
5 years
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Jacob borrows $500 from Abraham and agrees to have the loan compounded annually for 5 years with an interest rate of 2.5%. How much will the total amount be that Jacob owes?
$565.70
$262609.38
$65.70
$630.20
Tags
CCSS.7.RP.A.3
4.
DROPDOWN QUESTION
5 mins • 4 pts
Number of times interest is compounded (n) annually (a) time , semi-annually (b) times, quarterly (c) times, and monthly (d) times.
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
Tags
CCSS.7.RP.A.3
6.
MATCH QUESTION
5 mins • 5 pts
Match the following:
P (in both forumals)
Principal
r (in both formulas)
t (in both formulas)
Compound Interest
Rate
Simple Interest
Time
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.2
CCSS.HSA.CED.A.4
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Riley earn in 15 years?
Tags
CCSS.7.RP.A.3
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