Compound Interest
Flashcard
•
Mathematics
•
8th Grade
•
Practice Problem
•
Hard
Standards-aligned
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10 questions
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1.
FLASHCARD QUESTION
Front
3-year investment of $20,000 with 5.2% interest compounded annually. What is the total return?
Back
$23,285.05
2.
FLASHCARD QUESTION
Front
You borrowed $59,000 for 2 years at 11% compounded annually. What total will you pay back?
Back
$72,693.90
3.
FLASHCARD QUESTION
Front
6 year investment of $40,000 at 14% interest compounded annually is worth how much now?
Back
$87,798.90
4.
FLASHCARD QUESTION
Front
Find the total amount in the account to the nearest cent if the interest is compounded annually. $2750 at 8% for 2 years
Back
$440
Tags
CCSS.HSF-LE.A.1C
5.
FLASHCARD QUESTION
Front
Jay'den 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
6.
FLASHCARD QUESTION
Front
Hei-Hei has $1500 in a retirement account earning 5% interest compounded annually. After 5 years, how much does Hei-Hei have in the account?
Back
$1914.42
Tags
CCSS.HSF-LE.A.1C
7.
FLASHCARD QUESTION
Front
Henry deposits $750 into a college savings account that is compounded annually at an 8.5% interest rate. How much money will he have total after 5 years?
Back
$1127.74
Tags
CCSS.HSF.BF.A.2
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