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Compound Interest

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Mathematics

9th - 11th Grade

CCSS covered

Used 816+ times

Compound Interest
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20 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Semi-Annually means how many times a year?

4

2

1

6

Tags

CCSS.6.RP.A.3B

2.

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?

$1,584.62
$2,651.39
$2,706.86
$1,825.10

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Monthly means how many times a year?

12
52
365

Tags

CCSS.3.MD.A.1

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Heather

invested $8,000 in a 4-year Certificate of Deposit (CD) that pays 4.1% interest

compounded annually. What is the value of the CD at the end

of the 4 years?

$9,394.92

$9,312.00

$1394.00

$1312.00

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Zach's parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semi-annually, what will be the balance after 18 years?

$6,273.50

$6,314.08

$6,385.72

$6,427.94

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Approximately what interest rate would be needed in order to grow Christian's investment of $1400 to $2500 in 10 years if the interest was compound monthly?

5.96%

5.84%

5.81%

5.88%

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Treasure 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?

$4915.59

$3933.28

$2979.81

$4005.09

Tags

CCSS.7.RP.A.3

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