Compound Interest Only
8th Grade
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Compound Interest Only
Quiz
•
Mathematics
•
8th Grade
•
Practice Problem
•
Medium
+8
Standards-aligned
Jessica Merla
Used 33+ times
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21 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
In the compound interest formula A=P(1+r)t what does the A stand for?
The amount of interest
The total amount
The interest rate
The time
Tags
CCSS.HSF.LE.B.5
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
In the compound interest formula A=P(1+r)t what does the P stand for?
The time
The total amount
The principal amount (original amount)
The interest rate
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Jacob borrows $500 from Abraham and agrees to have the loan compounded annually for 5 years with an interest rate of 2.5%. How much will the total amount be that Jacob owes?
$565.70
$262609.38
$65.70
$630.20
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.SSE.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Hei-Hei has $1500 in a retirement account earning 5% interest compounded annually. After 5 years how much does Hei-Hei have in the account?
$1750
$2010.14
$2500
$1914.42
Tags
CCSS.HSF-LE.A.1C
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Henry deposits $750 into a college savings account that is compounded annually when his parents received as a stimulus package. If Henry lets the money sit in the account without adding or removing any and receives a 8.5% interest rate, how much money will he have total after 5 years?
$1127.74
$1535.24
$2345.67
$850.76
Tags
CCSS.HSF-LE.A.1C
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
You borrowed $1,690 for 5 1/2 years at an interest of 5.7% compounded annually. How much extra did you pay by taking out the loan?
Tags
CCSS.HSN.Q.A.1
CCSS.HSN.Q.A.2
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Your 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?
Tags
CCSS.HSF-LE.A.1C
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