Logs Compound Interest

Logs Compound Interest

11th Grade

7 Qs

quiz-placeholder

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Logs Compound Interest

Logs Compound Interest

Assessment

Quiz

Mathematics

11th Grade

Hard

Created by

Anthony Clark

FREE Resource

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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.

$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

Media Image

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.