Mathematics

10th -

12thgrade

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Compound Interest

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20 questions

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  • 1. Multiple Choice
    30 seconds
    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
  • 2. Multiple Choice
    30 seconds
    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
    30 seconds
    1 pt
    Monthly means how many times a year?
    12
    52
    365
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