Compound Interest Calculation

Compound Interest Calculation

11th Grade

13 Qs

quiz-placeholder

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Compound Interest Calculation

Compound Interest Calculation

Assessment

Quiz

Mathematics

11th Grade

Practice Problem

Hard

CCSS
HSF-LE.A.1C

Standards-aligned

Created by

Anthony Clark

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Your 3 year investment of $20,000 received 5.2% interest compounded annually.  What is your total return?

$23,285.05

$3,285.05

$2,385

$32,285

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You borrowed $59,000 for 2 years at 11% which was compounded annually.  What total will you pay back?

$13,693.90

$1,363.90

$72,693.90

$73,793.90

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?

$47,798.90

$87,798.90

$127,798

$7,798

Tags

CCSS.HSF-LE.A.1C

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You borrowed $1,690 for 5 1/2 years at an interest of 5.7% compounded annually.  How much extra did you pay by taking out the loan?

$602.45

$2,292.45

$1,87.55

$3,982.45

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Your $440 gets 5.8% interest compounded annually for 8 years. What will your $440 be worth in 8 years?

$250.78

$690.78

$1,130

$940.78

Tags

CCSS.HSF-LE.A.1C

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You invested $1,900 at 4% interest compounded annually for 3 years.  How much interest did you earn in 3 years?

$2,372.40

$237.24

$2,137.24

$3,197.60

7.

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.

$15,415.94

$15,683.28

$15,927.56

$16,109.05

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