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Compound Interest

Authored by Rodolfo Morales

Mathematics

9th - 11th Grade

CCSS covered

Used 41+ times

Compound Interest
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10 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 5 pts

Misty has € 5000 (euros) to invest. She invests her money in a bank that pays 4.4% interest compounded annually.

How much money does Misty have at the end of 15 years? Round your answer to a whole euro.

Tags

CCSS.HSF-LE.A.1C

2.

FILL IN THE BLANK QUESTION

1 min • 5 pts

You deposit $1500 into an account that pays an interest rate of 4% compounded annually.

What is the worth of your investment after five years?

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

CCSS.HSF.LE.B.5

3.

FILL IN THE BLANK QUESTION

1 min • 5 pts

Sarah invested $150 into a bank. The bank will pay 8% interest, compounded annually. How much interest did Sarah gain in 3 years?

Tags

CCSS.HSF.BF.A.2

4.

FILL IN THE BLANK QUESTION

1 min • 5 pts

Visay invests LAK 500 000 000 (Lao Kip) in a bank. The bank will pay 3.2% interest compounded annually. How much interest Visay has gained at the end of

eight years. Give your answer correct to 3 significant figures.

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

5.

FILL IN THE BLANK QUESTION

1 min • 5 pts

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 interest did Olivia have to pay after 8 years?

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

6.

FILL IN THE BLANK QUESTION

1 min • 5 pts

How much would an account be worth after 25 years if a principal of $5000 is deposited into an account with an interest rate of 3.75% compounded monthly?

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

7.

FILL IN THE BLANK QUESTION

1 min • 5 pts

How much would an investment of $1,500 with a 4% interest rate compounded monthly be worth after 5 years?

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

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