Compound Interest

Front

Semi-Annually means how many times a year?

Back

2

Front

Monthly means how many times a year?

Back

12

Front

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

Back

$2,706.86

Front

Emily 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

Jay'den deposited $475 in an account with 3.8% interest compounded annually. What will be his balance after 15 years?

Back

$831.10

Front

Change 6.75% to a decimal.

Back

.0675

Front

Which of the following exponential equations is the formula for compound interest? Options: , , ,

Back

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

Exponential equation for $7,400 at 9.5% interest compounded quarterly for 8 years.

Back

Front

What does $475 represent in the context of Jay'den's account?

Back

Principal or initial value, P