Interest Calculator

Interest Calculator

11th Grade

19 Qs

quiz-placeholder

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Interest Calculator

Interest Calculator

Assessment

Quiz

Mathematics

11th Grade

Hard

CCSS
7.RP.A.3, HSF-LE.A.1C, 6.EE.B.7

+3

Standards-aligned

Created by

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

Media Image

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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