Compound Interest
Authored by Kyle Pycraft
Mathematics
9th - 12th Grade
CCSS covered
Used 4+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Emily’s parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semiannually,what will be the balance after 18 years?
$6,273.50
$6,314.08
$6,385.72
$6,427.94
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.A.1
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded monthly, how much total will he have paid after 5 years?
$33,299.42
$33,672.68
$34,157.04
$34,710.88
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
3.
MATCH QUESTION
5 mins • 6 pts
Match the word to the correct value of n.
n = 12
monthly
n = 52
annually
n = 1
quarterly
n = 2
semi-annually
n = 4
weekly
Tags
CCSS.HSA.SSE.B.4
4.
DRAG AND DROP QUESTION
5 mins • 6 pts
If it is compounded daily, then n = (a)
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.A.1
5.
MULTIPLE CHOICE QUESTION
5 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.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.B.5
6.
MULTIPLE CHOICE QUESTION
5 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.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.CED.A.1
CCSS.HSF.BF.A.1
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Change 6.75% to a decimal.
Tags
CCSS.5.NBT.A.3
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