8.12D Compound Interest

Front

What does r represent in the equation A=P(1+r)^t? Options: rate, principal, time, amount.

Back

rate

Front

Caiden deposited $475 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

You borrowed $59,000 for 2 years at 11% compounded annually. What is the total?

Back

$72,693.90

Front

Expression to determine how much money Krystal had after 16 years with $3000 invested at a 2% interest rate.

Back

Front

Audrey deposited $2,800 in a savings account that pays 2.65% interest compounded annually. What is the total value of the account after 7 years?

Back

$3362.57

Front

Julia invested $1000 for college in an account earning 5% compounded annually. When she checked the account after 4 years, how much money did she find in the account?

Back

$1215.51

Front

Loan amount: $195,000, Interest rate: 4.3% compounded annually, Duration: 30 years. Calculate the interest paid.

Back

$494,546.99

Front

In the compound interest formula A = P(1 + r)^t, what does A represent?

Back

The total amount of money after a certain amount of time.

Front

The time has to be in _____________

Back

years

Front

Find the interest earned in the account to the nearest cent compounded annually. $2750 at 8% for 2 years

Back

$457.60