Unit 5 Compounding Interest
Authored by Wes Curtis
Mathematics
11th Grade
CCSS covered
Used 5+ times
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11 questions
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1.
MATCH QUESTION
1 min • 1 pt
Match the following
12 times
daily
4 times
biannually
1 time
monthly
2 times
quarterly
365 times
annually
Tags
CCSS.HSF-LE.A.1C
2.
LABELING QUESTION
5 mins • 1 pt
Label each part of the formula
Compound Period
Time
Rate
End Amount
Principle/Start Point
Tags
CCSS.HSF-IF.C.8B
3.
MATCH QUESTION
5 mins • 1 pt
Jacob borrows $500 from Abraham and agrees to have the loan compounded quarterly for 5 years with an interest rate of 2.5%. How much will the total amount be that Jacob owes?
P
.025
r
5 years
n
Quarterly (4)
t
$500
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much total will she earn in 10 years?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compound interest is being calculated with f(x) = 5000(1 + .05)4x
What is the real rate? (best trap on the test)
5%
10%
20%
40%
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
In the year 2000, $5000 is invested at 6% interest compounded monthly. In what year will the account's value triple?
2016
2018
2020
2022
2024
Tags
CCSS.HSF.LE.A.4
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trap alert: Convert to exponential form: 2 = log3x(36)
3x2 = 36
(3x)2 = 36
9x = 36
36x=9
Tags
CCSS.HSF.BF.B.5
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