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
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
2.
FLASHCARD QUESTION
Front
Semi-Annually means how many times a year? Options: 4, 2, 1, 6
Back
2
Tags
CCSS.HSF-LE.A.1C
3.
FLASHCARD QUESTION
Front
Change 6.75% to a decimal.
Back
.0675
4.
FLASHCARD QUESTION
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
5.
FLASHCARD QUESTION
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
Tags
CCSS.HSF-LE.A.1C
6.
FLASHCARD QUESTION
Front
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
Back
$12,749.30
7.
FLASHCARD QUESTION
Front
Loan amount: $195,000, Interest rate: 4.3% compounded annually, Duration: 30 years. Calculate total payment.
Back
$689,546.99
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