1. Number and Algebra
Compound Interest — Quiz
Test your understanding of compound interest with 5 practice questions.
Practice Questions
Question 1
What does compound interest mean?
Question 2
A $100$ investment earns compound interest of $10\%$ per year. What is the value after $1$ year?
Question 3
Which formula gives the value $A$ of an investment after $n$ years with principal $P$ and annual interest rate $r$ compounded once per year?
Question 4
If $P=200$, $r=0.05$, and $n=2$, what is the compound interest formula value?
Question 5
Which statement best describes the principal in a compound interest problem?