Compound Interest

Compound Interest

Assessment

Flashcard

Mathematics

8th Grade

Hard

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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

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

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

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