Compound Interest

Quiz

•

Mathematics

•

8th Grade

•

Hard

•

CCSS

HSA.CED.A.1, HSF-LE.A.1C, 3.MD.A.1

+7

Standards-aligned

Miranda Rahimzadeh

Used 20+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Caiden earned $475 from mowing lawns last summer.He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?

$827.52 (Mr. Williams)

$831.10 (Mrs. Hoch)

$839.45 (Mr. Krajunus)

$846.80 (Ms. Palombo)

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Semi-Annually means how many times a year?

4

2

1

6

Tags

CCSS.3.MD.A.1

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Change 6.75% to a decimal.

67.5

.675

675

.0675

Tags

CCSS.5.NBT.A.3

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Riley earn in 15 years?

$1,584.62

$2,651.39

$2,706.86

$1,825.10

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.

$15,415.94

$15,683.28

$15,927.56

$16,109.05

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

$12712.31

$12,749.30

$12,657.59

$12550.84

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.B.4

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The Arnold's took out a loan for $195,000 to purchase a home. At 4.3% interest rate compounded annually, how much will they have paid after 30 years?

$412,749.79

$529.305.61

$689,546.99

$640,891.53

Tags

CCSS.HSF-LE.A.1C

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