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Compounded Interest and Investment Concepts

Compounded Interest and Investment Concepts

Assessment

Interactive Video

Mathematics

9th - 12th Grade

Practice Problem

Hard

CCSS
7.RP.A.3, HSF.BF.A.2, HSF-LE.A.1C

Standards-aligned

Created by

Jackson Turner

FREE Resource

Standards-aligned

CCSS.7.RP.A.3
,
CCSS.HSF.BF.A.2
,
CCSS.HSF-LE.A.1C
The video tutorial explains how to calculate the value of an investment and the total interest earned over five years using different interest methods. It covers simple interest and compounded interest, including annual, quarterly, and monthly compounding. The tutorial provides formulas and step-by-step calculations for each method, demonstrating how the frequency of compounding affects the total interest earned.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the initial investment amount mentioned in the problem?

$1,700

$10,200

$8,500

$8,000

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the interest rate expressed in the simple interest formula?

As a percentage

As a fraction

As a decimal

As a whole number

Tags

CCSS.HSF.BF.A.2

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total interest earned after 5 years with simple interest?

$1,841.55

$1,700

$1,878

$1,871.62

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula used to calculate compounded interest?

A = P(1 + n/r)^t

A = P(1 + r)^t

A = P(1 + r/n)^(nt)

A = P(1 + rt)

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many times is the interest compounded annually?

Twelve times

Once

Four times

Twice

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the account balance after 5 years with interest compounded annually?

$10,371.62

$10,341.50

$10,378.47

$10,200

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many times is the interest compounded quarterly?

Four times

Once

Twelve times

Twenty times

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