COmpound Interest
Assessment
•
Sakina George
•
Mathematics
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9th - 12th Grade
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205 plays
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Medium
Student preview
10 questions
Show all answers
1.
MULTIPLE CHOICE
3 mins • 1 pt
Bruno was given $2000 at birth . His parents invested it at a 2% interest rate compounded annually. No deposits or withdrawls were made. Which expression can be used to determine how much money Bruno had in the account when he turned 13?
2.
MULTIPLE CHOICE
3 mins • 1 pt
3.
MULTIPLE CHOICE
3 mins • 1 pt
4.
MULTIPLE CHOICE
3 mins • 1 pt
Caiden 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 years?
5.
MULTIPLE CHOICE
30 sec • 1 pt
What does r represent?
6.
MULTIPLE CHOICE
30 sec • 1 pt
What does t/n represent?
7.
MULTIPLE CHOICE
30 sec • 1 pt
What does P represent?
8.
MULTIPLE CHOICE
30 sec • 1 pt
What does A represent?
9.
MULTIPLE SELECT
30 sec • 1 pt
Which of the following can be used for P?
10.
MULTIPLE CHOICE
1 min • 1 pt
You borrowed $59,000 for 2 years at a simple interest of11%. What total will you pay back?
This question is asking you to use the compound interest formula.
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