Interest
12th Grade
•20 Qs
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Interest
Quiz
•
Mathematics
•
12th Grade
•
Hard
+2
Standards-aligned
Nathan DeMar
Used 7+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How much interest would we have in 5 years? You are investing $1650 at 3%. Formula: i = prt
$349.50
$495.00
$49.50
$247.50
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I am compounding quarterly, I need to divide the interest rate by _____.
2
3
4
5
3.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
If I am compounding daily, I need to divide the interest rate by ____. There are two correct answers. YOU MUST CHOOSE BOTH!!!
12
100
365
365.25
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does B stand for?
interest rate
Principal
Balance
number of compounding periods
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does p stand for?
interest rate
Principal
time
number of compounding periods
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does r stand for?
interest rate
Principal
time
number of compounding periods
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does n stand for?
interest rate
Principal
time
number of compounding periods
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