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- 1. Multiple Choice
Semi-Annually means how many times a year?
4
2
1
6
- 2. Multiple Choice
Monthly means how many times a year?
4
12
52
365
- 3. Multiple Choice
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
- 4. Multiple Choice
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
- 5. Multiple Choice
Jay'den earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually.
What will be his balance after 15 year?
$827.52
$831.10
$839.45
$846.80
- 6. Multiple ChoiceChange 6.75% to a decimal.67.5.675675.0675
- 7. Multiple Choice
Which of the following exponential equations is the formula for compound interest?
- 8. Multiple Choice
Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually.
Which exponential equation can be used to find how much money Karla will earn in 15 years?
- 9. Multiple Choice
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, what exponential equation can be used to find how much she will pay after 8 years.
- 10. Multiple Choice
Jay'den earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. Jay'den wants to know his balance after 15 years?
What does $475 represent?
Principal or initial value, P
Rate of interest, r
Number of times interest is compounded, n
Time, t
- 11. Multiple Choice
Jay'den earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. Jay'den wants to know his balance after 15 years?
What does 3.8% represent?
Principal or initial value, P
Rate of interest, r
Number of times interest is compounded, n
Time, t
- 12. Multiple Choice
Jay'den earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. Jay'den wants to know his balance after 15 years?
What does 15 represent?
Principal or initial value, P
Rate of interest, r
Number of times interest is compounded, n
Time, t
- 13. Multiple Choice
Jay'den earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. Jay'den wants to know his balance after 15 years?
What does compounded annually mean?
Principal or initial value, P
Rate of interest, r
Number of times interest is compounded, n
Time, t
- 14. Multiple Choice
Annually means how many times a year?
4
2
1
6
- 15. Multiple Choice
Quarterly means how many times a year?
4
2
1
6
- Answer choicesTagsAnswer choicesTags