Compound Interest Problems

Compound Interest Problems

11th Grade

30 Qs

quiz-placeholder

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Compound Interest Problems

Compound Interest Problems

Assessment

Quiz

Mathematics

11th Grade

Hard

CCSS
HSF-LE.A.1C, 8.EE.C.7B, RI.9-10.4

+4

Standards-aligned

Created by

Mazel Macaraeg

Used 16+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sachi borrows ₱50,000 and promises to pay the principal and interest at 12% compounded monthly. How much must he repay after 6 years?

Which of the following is the present value?

₱50,000

12%

6 years

None of these

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Sachi borrows ₱50,000 and promises to pay the principal and interest at 12% compounded monthly. How much must he repay after 6 years?

Which of the following is the converted rate in decimal?

0.012

0.12

0.0012

12

3.

FILL IN THE BLANK QUESTION

3 mins • 2 pts

The other term for maturity date is _________ ____.

Tags

CCSS.HSF-IF.C.7C

4.

FILL IN THE BLANK QUESTION

3 mins • 2 pts

The other term for loan date is ______ ____.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

5.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Sachi borrows ₱50,000 and promises to pay the principal and interest at 10% compounded monthly. How much must he repay after 6 years?

₱90,000.00

₱90,879.71

₱102,354.97

₱50,000.00

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Sachi borrows ₱50,000 and promises to pay the principal and interest at 12% compounded quarterly. How much must he repay after 6 years?

Which of the following is equivalent to the term??

₱50,000

0.12

6 years

Sachi

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the symbol for frequency of conversions?

m

f

c

o

Tags

CCSS.8.EE.C.7B

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