Growth and decay
Authored by J Pearce
Mathematics
11th Grade
CCSS covered
Used 16+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Your 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back?
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSA.SSE.B.4
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?
Tags
CCSS.HSF-LE.A.1C
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Your $440 gets 5.8% interest compounded annually for 8 years. What will your $440 be worth in 8 years?
$250.78
$690.78
$1,130
$940.78
Tags
CCSS.HSF-LE.A.1C
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You invested $1,900 at 4% interest compounded annually for 3 years. How much interest did you earn in 3 years?
Tags
CCSS.HSF.BF.A.2
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You deposit $2,500 in a savings account.
What is the difference in the amount of interest that will be paid in each situation?
Option A) Interest rate of 8.25% simple interest for 2 years
Option B) Interest rate of 6.5% compounded annually for 2 years
$769.40
$335.56
$76.94
$68.52
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You deposit $5,000 in an account. What will be the difference between the interest paid?
A) Simple interest rate of 6.25% for 2.5 years
B) 5.5% rate compounded annually for 2.5 years
$781.25
$65.13
$76.53
$716.12
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSN.Q.A.1
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