Compound Interest Formulas
Authored by Anthony Clark
Mathematics
12th Grade
CCSS covered
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This formula is to calculate...
The final amount including the principal value and the simple interest
The simple interest you will receive
The final amount including the principal value and the compound interest
The compound interest you will receive
The number of times compounded per year
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the "I" in the interest formula stand for?
Principal
Interest
Rate
Time
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the "r" in the interest formula stand for?
Principal
Interest
rate
time
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the "p" in the interest formula stand for?
Principal
Interest
rate
time
Tags
CCSS.8.EE.C.7B
5.
DRAG AND DROP QUESTION
1 min • 4 pts
is the Compound Interest Formula. Correctly label each variable listed below.
(a) (b)
(c) (d) (e)
total amount
principal
interest rate (decimal)
time (years)
initial amount
rate of interest
number of times compounded in a month
time (months)
interest rate (percentage)
number of times compounded in a year
Tags
CCSS.HSF-IF.C.8B
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the n stand for in this formula?
Initial amount
Final amount
Rate
Time
The number of times compounded per year
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the P stand for in this formula?
Initial amount
Final amount
Rate
Time
The number of times compounded per year
Tags
CCSS.HSF-IF.C.8B
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