Compound Interest

Front

Jacob borrows $500 from Abraham, compounded annually for 5 years at 2.5%. What is the total amount owed?

Back

$565.70

Front

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

Back

$12,749.30

Front

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

Back

$2,706.86

Front

Treasure won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much total will she have in 10 years?

Back

$4005.09

Front

What does the P stand for in this formula?

Back

Initial amount

Front

What does the r stand for in this formula?

Back

Rate

Front

What does the n stand for in this formula?

Back

The number of times compounded per year

Front

Karla invested $1,000 in savings bonds with 6.75% interest compounded semi-annually. Which exponential equation can be used to find how much money Karla will earn in 15 years?

Back

Front

Quarterly means how many times a year?

Back

4

Front

Annually means how many times a year?

Back

1