Exploring Compound Interest Concepts
Interactive Video
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Easy
Standards-aligned
Sophia Harris
Used 2+ times
FREE Resource
Standards-aligned
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does compound interest include?
Interest on the principal only
Interest on the principal at a fixed rate
Interest on the principal and previously earned interest
Interest on the principal and future interest
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating compound interest?
A = P + rt
A = P(1 + r/n)^nt
A = P(1 + r)^nt
A = P(1 + r/n)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you convert a percentage to a decimal for calculations?
Move the decimal point two places to the left
Divide by 100
Multiply by 100
Move the decimal point two places to the right
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the variable 'n' represent in the compound interest formula?
Initial principal amount
Total interest rate
Number of years
Number of times interest is compounded per year
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the compounding frequency if the interest is compounded quarterly?
2 times a year
12 times a year
4 times a year
Once a year
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If interest is compounded semi-annually, how many times per year is it compounded?
2
12
4
24
Tags
CCSS.HSF-LE.A.1C
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How often is interest compounded if it is done weekly?
26 times a year
12 times a year
52 times a year
365 times a year
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