Compound Interest
9th Grade
•14 Qs
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Compound Interest
Quiz
•
Mathematics
•
9th Grade
•
Practice Problem
•
Medium
Standards-aligned
Mollie Mills-Weis
Used 7+ times
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14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many times a year is something compounded if it's compounded quarterly?
4
12
2
1
Tags
CCSS.HSF-LE.A.1C
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many times a year is something compounded if it's compounded semi-annually?
4
12
2
1
Tags
CCSS.HSF-LE.A.1C
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The annual interest rate for a loan is 12% but it is compounded semi-annually.
What percent will the interest be calculated with?
12%
6%
4%
2%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The annual interest rate for a loan is 18% but it is compounded quarterly.
What percent will the interest be calculated with?
18%
4.5%
5%
4%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The annual interest rate for a loan is 12% but it is compounded monthly.
What percent will the interest be calculated with?
2%
1%
12%
4%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The annual interest rate for a loan is 10% but it is compounded semi-annually.
What percent will the interest be calculated with?
10%
5%
2.5%
0.83%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You take out a loan for $3000 and agree to an annual percentage rate of 16% that is compounded semi-annually. Which expression shows the account balance after 3 years?
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