Interest Calculator

Quiz
•
Mathematics
•
11th Grade
•
Hard
+3
Standards-aligned
Anthony Clark
FREE Resource
19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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?
$1,584.62
$2,651.39
$2,706.86
$1,825.10
Tags
CCSS.HSF-LE.A.1C
2.
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
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Jasmine puts $4000 into an a savings account which offers 8% interest and compounds interests continuously for 3 years. Which expression could be typed into the calculator to see how much money Jasmine will have after 3 years?
4000(1+.08)3
4000e(.08)(3)
4000(1+3).08
4000(1+.08/3)3(3)
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Courtney saved up $2,200 working as a waitress over the summer. She put this money into a bank account that earned 5.2% interest and is compounded daily. How much will she have in her account at the end of 4 years?
$2201.25
$2694.55
$2707.45
$2708.63
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What was the annual interest rate the account earns?
Tags
CCSS.HSF-LE.A.1C
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Jane received $875 from her graduation party. She put the money in a bank with a 4% simple interest rate. How much interest will she have earned after 7 years?
$205
$225
$245
$2,250
$2,450
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What interest rate is needed for $9,500 to earn $900 in 19 months? Round to the neareset tenths of a percent.
5.45%
6%
.06%
6.8%
Tags
CCSS.6.EE.B.7
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