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?
Compound Interest

Flashcard
•
Mathematics
•
9th Grade
•
Hard
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16 questions
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1.
FLASHCARD QUESTION
Front
Back
$831.10
2.
FLASHCARD QUESTION
Front
Emily’s parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semiannually, what will be the balance after 18 years?
Back
$6,427.94
3.
FLASHCARD QUESTION
Front
Loan: $25,690, Interest: 5.2% compounded monthly, Duration: 5 years. Total payment?
Back
$33,299.42
4.
FLASHCARD QUESTION
Front
$12,000 principal earning 4.8% compounded annually after 7 years.
Back
$16,661.35
5.
FLASHCARD QUESTION
Front
$5000 deposit earning 1.5% compounded quarterly after 3 years
Back
$5,229.70
6.
FLASHCARD QUESTION
Front
Your 6 year investment of $40,000 at 14% compounded quarterly is worth how much now?
Back
$91,333.14
7.
FLASHCARD QUESTION
Front
Change 6.75% to a decimal.
Back
.0675
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