Compound Interest

Front

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?

Back

$831.10

Front

3-year investment of $20,000 with 5.2% interest compounded annually. What is the total return?

Back

$23,285.05

Front

You borrowed $59,000 for 2 years at 11% compounded annually. What total will you pay back?

Back

$72,693.90

Front

6 year investment of $40,000 at 14% interest compounded annually is worth how much now?

Back

$87,798.90

Front

Your returns (or interest rate) are 8% a year. How long before your investment doubles?

Back

9 years

Front

Your returns (or interest rate) are 9% a year. How long before your investment doubles? Options: 9 years, 8 years, 7 years, They won't

Back

8 years

Front

Your returns (or interest rate) are 6% a year. How long before your investment doubles? Options: 18 years, 16 years, 12 years, 8 years

Back

12 years

Front

Your returns (or interest rate) are 1% a year because they are in a savings account. How long before your savings doubles?

Back

72 years

Front

How many years will it take $4000 to double with a 5% interest rate?

Back

14.4

Front

What interest rate would you need to double $3500 in 9 years?

Back

8%