
Compound Interest 8.12
Mathematics
8th Grade
CCSS covered

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24 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 4 pts
Your 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?
Tags
CCSS.HSF-LE.A.1C
2.
MULTIPLE CHOICE QUESTION
15 mins • 4 pts
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 year?
3.
MULTIPLE CHOICE QUESTION
5 mins • 4 pts
Find the compound interest:
Principal: $1735
Interest Rate: 0.8%
Time: 1 year
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
What is the formula for simple interest?
Tags
CCSS.8.EE.C.7B
5.
MATH RESPONSE QUESTION
30 sec • 4 pts
Garrison deposited $500 in an account that earns 5% annual interest compounded annually. If he makes no withdrawals or deposits, how much interest will the account earn after 4 years?
Mathematical Equivalence
ON
Tags
CCSS.HSF.BF.A.2
6.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Mr. Diable invested $3,500 in a 7 year CD that pays 4.2% interest compounded annually. How much interest will the CD earn over the 7 years?
$147.00
$245.00
$1,168.12
$4,668.12
7.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Which is the formula for calculating compound interest?
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