Compound Interest Calculation
Authored by Anthony Clark
Mathematics
11th Grade
CCSS covered
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What interest rate would you need to double $2500 in 12 years?
5%
6%
34%
16%
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How many years will it take to double your money with a 3% interest rate?
24 years
12 years
4 years
none of these
Tags
CCSS.HSF.LE.A.4
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
If Raven has money in the bank at 3% interest, how many years will it take her money to double? (type number only)
Tags
CCSS.HSF.LE.A.4
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
If Nate has money in the bank at 7.2% interest, how many years will it take his money to double? (type number only)
Tags
CCSS.HSF.LE.A.4
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Becca wants her money to double in 6 years. What interest rate will she need?
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Sydney wants her money to double in 4 years. What interest rate will she need?
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Caiden 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 years?
$827.52 (Mr. Williams)
$831.10 (Mrs. Hoch)
$839.45 (Mr. Krajunus)
$846.80 (Ms. Palombo)
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