Compound interest Quiz Welcome to your Compound interest Quiz Solve the problem Jim deposits $1000 into a savings account at 1% interest rate compounded quarterly.How much money will he have in his account at the end of 1 year? $1010 $1001 $10 Analyze If the same amount is deposited at the same interest rate, but possible compounding periods are: monthly and daily. Which would be a better deal? monthly daily no difference Determine the amount How much money was initially invested at 4% annual interest rate compounded monthly over 2 years if the current amount is $216.63 $240 $200 $186.63 Solve the problem How long was the money invested for if it grew from $2000 to $2123 at a 2% annual interest rate compounded semi-annually? 2 years 6 years 10 years What is the rate The money was invested and grew from $1000 to $1850 in 8 years. What annual rate, in %, was the money deposited at? 8% 79% 0.8% 6 out of 5 Time is Up! Time's up