
Compounded Interest Quiz Review
Authored by Kerry Marshall
Mathematics
11th Grade
Used 3+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Caiden earned $475 from mowing lawns last summer.He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?
4.
MULTIPLE CHOICE QUESTION
15 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?
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
You invest $1600 at an annual interest rate of 4.6% compounded continuously. How much will you have in the account after 4 years.
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Courtney saved up $2,200 working as a waitress over the summer. She put this money into a bank account that earned 5.2% interest and is compounded daily. How much will she have in her account at the end of 4 years?
7.
MULTIPLE CHOICE QUESTION
15 mins • 5 pts
How much would you need to deposit into an account that pays 6.5% interest compounded semiannually to have $10,000 after 7 years?
$7012.49
$4615.28
$5930.18
$6390.59
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