Compounded Interest Word Problems
Authored by Barbara White
Mathematics
9th - 12th Grade
CCSS covered
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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Semi-Annually means how many times a year?
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Compounded Continuously an investment of $400 at a rate of 35% for 2 years
4.
MULTIPLE CHOICE QUESTION
1 min • 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?
Tags
CCSS.HSF-LE.A.1C
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Olivia 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.
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Compounded Continuously an investment of $400 at a rate of 35% for 2 years
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