Compound Interest
Authored by Alicia Edwards
Mathematics
9th - 12th Grade
CCSS covered
Used 18+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
10 mins • 4 pts
Emily’s parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semiannually,what will be the balance after 18 years?
2.
MULTIPLE CHOICE QUESTION
10 mins • 4 pts
Emily 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.
3.
MULTIPLE CHOICE QUESTION
10 mins • 4 pts
Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Karla earn in 15 years?
Tags
CCSS.HSF-LE.A.1C
4.
MULTIPLE CHOICE QUESTION
10 mins • 4 pts
Monthly means how many times a year?
Tags
CCSS.4.MD.A.1
5.
MULTIPLE CHOICE QUESTION
10 mins • 4 pts
Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.
6.
MULTIPLE CHOICE QUESTION
10 mins • 4 pts
Jay'den 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 year?
7.
MULTIPLE CHOICE QUESTION
10 mins • 4 pts
Emily’s parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semiannually,what will be the balance after 18 years?
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