May 1: Compound Interest #2

Quiz
•
Mathematics, Professional Development
•
9th - 12th Grade
•
Hard
Jason Stubblefield
Used 2+ times
FREE Resource
33 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Bruno was given $2000 when he turned 3 years old. His parents invested it at a 2% interest rate compounded annually. Which expression can be used to determine how much money Bruno had in the account when he turned 16?
2000(1+0.02)13
2000(1+0.02)-13
2000(1+0.02)16
2000(1+0.02)3
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Emily's parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semi-annually, what will be the balance after 3 years?
$2,273.50
$1,514.08
$2,040.23
$1,911.70
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
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