Compound Interest
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Mathematics
11th - 12th Grade
CCSS covered
Used 989+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Find the balance in the account after the given period.
$12,000 principal earing 4.8% compounded annually after 7 years.
$3,243.19
$16,661.35
$15,243.19
$4,661.35
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.B.5
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Find the balance in the account after the given period.
$5000 deposit earning 1.5% compounded quarterly after 3 years
$5,229.70
$7,604.38
$7,777.27
$5,538.86
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.B.5
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Find the balance in the account after the given period.
$13,500 deposit earning 3.3% compounded monthly after 1 year
$13,611.38
$14,898.84
$13,537.13
$13, 952.30
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.2
4.
MULTIPLE CHOICE QUESTION
2 mins • 5 pts
Find the balance in the account after the given period.
$3400 principal earning 3.6% compounded annually after 2 years
$3,420.43
$3,649.21
$3,675.39
$6,288.64
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.2
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Your 6 year investment of $40,000 at 14% compounded quarterly is worth how much now?
$928,488.27
$49,170.21
$91,333.14
$51,333.14
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
CCSS.HSA.SSE.B.4
6.
MULTIPLE CHOICE QUESTION
2 mins • 5 pts
Your $54,200 2 year car loan is at 15.1% compounded annually. What will you have paid for your car after 2 years?
$62,693.15
$62,384.20
$71,804.21
$341,465.42
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
An investment of $9,875 earns 4.8% interest compounded monthly over 12 years. Approximately how much INTEREST is earned on the investment?
$7,457.95
$10,359.57
$17,546.55
$484.57
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
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