Compound Interest

Compound Interest

Assessment

Quiz

Mathematics

9th - 10th Grade

Easy

CCSS
HSA.CED.A.1, HSA.SSE.A.1, HSF.LE.A.1

+7

Standards-aligned

Created by

Wayground Content

Used 594+ times

FREE Resource

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Semi-Annually means how many times a year?

4

2

1

6

Tags

CCSS.3.MD.A.1

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Monthly means how many times a year?

4

12

52

365

Tags

CCSS.3.MD.A.1

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Karla earn in 15 years?

$1,584.62

$2,651.39

$2,706.86

$1,825.10

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Emily would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly.


If she spent $7,400, how much total will she have paid after 8 years.

$15,415.94

$15,683.28

$15,927.56

$16,109.05

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.B.4

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Jay'den 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?

$827.52

$831.10

$839.45

$846.80

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Change 6.75% to a decimal.

67.5
.675
675
.0675

Tags

CCSS.5.NBT.A.3

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following exponential equations is the formula for compound interest?

Media Image
Media Image
Media Image
Media Image

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.LE.B.5

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