Compound Interest Expressions

Compound Interest Expressions

8th Grade

19 Qs

quiz-placeholder

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Compound Interest Expressions

Compound Interest Expressions

Assessment

Quiz

Mathematics

8th Grade

Hard

CCSS
HSF-LE.A.1C, HSF.LE.A.2, HSF.LE.B.5

Standards-aligned

Created by

Anthony Clark

FREE Resource

19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

interest paid on the initial principal and on interest earned in the past

Compound Interest

Simple Interest

Interest

Interest Rate

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Karla earn in 15 years?

$1,584.62

$2,651.39

$2,706.86

$1,825.10

Tags

CCSS.HSF-LE.A.1C

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Emily 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

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Jay'den 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 year?

$827.52

$831.10

$839.45

$846.80

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A

B

C

D

Tags

CCSS.HSF.LE.A.2

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Ash has $8,000 in a savings account. The interest rate is 3% compounded semi-annually .

To the nearest cent, how much will he have in his account in 4 years?

$9,004.07

$2,2848.80

$9,011.94

$8,242.71

7.

MATCH QUESTION

1 min • 1 pt

number of years since opening account

t

the type of interest being earned

compound

the principal amount of money in the acc

40%

the rate of interest earned

1000

Tags

CCSS.HSF.LE.B.5

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