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

Semi-Annually means how many times a year? Options: 4, 2, 1, 6

Back

2

Front

Change 6.75% to a decimal.

Back

.0675

Front

Riley invested $1,000 in savings bonds with 6.75% interest compounded semi-annually for 15 years. How much total will Riley earn?

Back

$2,706.86

Front

Olivia buys furniture on credit with 9.5% interest compounded quarterly. She spent $7,400. How much will she have paid after 8 years?

Back

$15,683.28

Front

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

Back

$12,749.30

Front

Loan amount: $195,000, Interest rate: 4.3% compounded annually, Duration: 30 years. Calculate total payment.

Back

$689,546.99

Front

Interest earned on $1,900 at 4% compounded annually for 3 years?

Back

$237.24

Front

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

Back

$87,798.90

Front

Karla invested $1,000 in savings bonds with 6.75% interest compounded semi-annually for 15 years. How much total will Karla earn?

Back

$2,706.86