Understanding Compound Interest

Understanding Compound Interest

12th Grade

12 Qs

quiz-placeholder

Similar activities

Fungsi Konsumsi dan tabungan

Fungsi Konsumsi dan tabungan

12th Grade

16 Qs

Unit 2: Western Classical Civilization Review

Unit 2: Western Classical Civilization Review

9th - 12th Grade

18 Qs

Do's and Don'ts in Cambodia

Do's and Don'ts in Cambodia

6th - 12th Grade

15 Qs

Coral Bleaching

Coral Bleaching

11th - 12th Grade

10 Qs

องค์กรเอกชนด้านทรัพยากรธรรมชาติและสิ่งแวดล้อม

องค์กรเอกชนด้านทรัพยากรธรรมชาติและสิ่งแวดล้อม

12th Grade

10 Qs

T6_Global Issues

T6_Global Issues

1st Grade - Professional Development

14 Qs

LESSON 2 - HISTORICAL DEVELOPMENT OF SOCIO, ANTHRO, AND POL SCI

LESSON 2 - HISTORICAL DEVELOPMENT OF SOCIO, ANTHRO, AND POL SCI

12th Grade

10 Qs

Intro to PerDev

Intro to PerDev

12th Grade

13 Qs

Understanding Compound Interest

Understanding Compound Interest

Assessment

Interactive Video

Social Studies

12th Grade

Practice Problem

Hard

Created by

SHERRY CLEARY

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is compound interest?

Interest earned on a savings account

Interest earned on the original principal plus accumulated interest

Interest earned on a loan

Interest earned only on the original principal

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is simple interest calculated?

By dividing the principal by the interest rate

By adding the interest earned to the principal

By multiplying the principal by the interest rate and the number of periods

By compounding the interest annually

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you deposit $10,000 at a 5% simple interest rate for three years, how much interest will you earn in total?

$1,500

$1,000

$500

$2,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the first year, how much interest do you earn on a $10,000 deposit at 5% interest compounded annually?

$500

$575

$525

$550

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the second year, what is the interest earned on $10,500 at 5% compounded annually?

$500

$525

$550

$575

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total interest earned over three years with compound interest on a $10,000 deposit at 5% annually?

$1,500

$1,550

$1,576.25

$1,525

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much more interest is earned with compound interest compared to simple interest over three years?

$76.25

$50

$25

$100

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?