Compound Interest Expressions
Authored by Anthony Clark
Mathematics
8th Grade
CCSS covered
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You borrowed $59,000 for 2 years at 11% which was compounded annually. What is the total?
$13,693.90
$1,363.90
$72,693.90
$73,793.90
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Audrey deposited $2,800 in a
savings account that pays 2.65% interest compounded annually.
What is the total value of the account after 7 years?
$562.57
$3362.57
$14,514.15
$2,569,680
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Your 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?
$23,285.05
$3,285.05
$2,385
$32,285
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Samantha made an initial investment of $16,500 into her retirement account. It will pay 12.5% interest compounded annually. What will her balance be after twenty years?
173,994.05
186,789.26
157,494.05
152,383.26
Tags
CCSS.HSF-LE.A.1C
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back?
$13,693.90
$1,363.90
$72,693.90
$73,793.90
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?
$47,798.90
$87,798.90
$127,798
$7,798
Tags
CCSS.HSF-LE.A.1C
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Find the total amount in the account to the nearest cent if the interest is compounded annually.
$2750 at 8% for 2 years
$220
$440
$660
Tags
CCSS.HSF-LE.A.1C
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