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Compound Interest

Compound Interest

Assessment

Interactive Video

Mathematics

6th - 8th Grade

Practice Problem

Medium

Created by

Yolanda Holt

Used 1+ times

FREE Resource

6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the principal

1000

5%

1

.05

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the rate in the correct form?

5%

1000

.05

1

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does 1 represent?

Rate

Principal

Time

Annual Interest

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Answer for number 3

530.45

30.45

500

Did I notice that it's in months and not years?

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Answer to number 5

2500

2731.82

231.82

2500(1+.03)^3

6.

MULTIPLE SELECT QUESTION

30 sec • Ungraded

What is the annual interest?

19,000

18126.18

12000

19126.18

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