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.
Logs Compound Interest

Quiz
•
Mathematics
•
11th Grade
•
Hard
Anthony Clark
FREE Resource
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
$15,415.94
$15,683.28
$15,927.56
$16,109.05
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Caiden 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?
$827.52
$831.10
$839.45
$846.80
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Riley earn in 15 years?
$1,584.62
$2,651.39
$2,706.86
$1,825.10
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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 total will she have paid after 8 years.
$15,415.94
$15,683.28
$15,927.56
$16,109.05
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Solve the equation.
A
B
C
D
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Mr. T invested $15,000 in an account that pays 5% interest compounding continuously, how much is in the account after 5 years?
$15,500.50
$19,260.38
$19,260.40
$21,500.25
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Given an investment of $1,500:
Which investment would have a larger balance after 5 years?
4% compounded monthly
3.9% compounded daily.
4% compounded monthly
3.9% compounded daily.
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