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Compounded Interest

Authored by Barbara White

Mathematics

11th Grade

CCSS covered

Used 3+ times

Compounded Interest
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18 questions

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1.

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

Tags

CCSS.HSF-LE.A.1C

2.

MULTIPLE CHOICE QUESTION

5 mins • 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

3.

MULTIPLE CHOICE QUESTION

5 mins • 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

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Semi-Annually means how many times a year?

2
1
6

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Change 6.75% to a decimal.

67.5
.675
675
.0675

6.

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

Tags

CCSS.HSF-LE.A.1C

7.

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

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