Search Header Logo

Interest Formula

Authored by Anthony Clark

Mathematics

12th Grade

CCSS covered

Interest Formula
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

10 questions

Show all answers

1.

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?

$1,225,54

$2,225.54

$22,255.40

$225.54

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You invest $1600 at an annual interest rate of 4.6% compounded continuously. How much will you have in the account after 4 years.

$1,923.23

$10,138.07

$6,701.28

$800.26

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Travis earned $180.72 doing odd jobs last summer and put it in a saving account that earns 15% interest compounded continuously. If he doesn't touch his money for 8 years, how much will he have?

$400

$500

$553

$600

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How much money do you need to invest at 2.8% compounded continuously in order to have $25,500 at the end of 8 years? Round your answer to the nearest dollar

$20,383

$2,715

$27,147

$2,038

Tags

CCSS.HSF.LE.A.4

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

P = 26,000 | Rate = 2.4% | 4 years | Compounded Continuously | Amount owed???

$2,496

$28,496

$3,406,924

$28,619.74

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the formula for simple interest?

P(1+r)t

Prt

P(1+r)t

Prt

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The simple interest formula is I=Prt.  What does the t represent?

Principle

Interest

Time, in hours

Time, in years

Tags

CCSS.8.EE.C.7B

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?