Compound Interest

Front

What does P represent in the equation A=P(1+r)^t? Options: rate, principal, time, amount

Back

principal

Front

Caiden deposited $475 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

You borrowed $59,000 for 2 years at 11% compounded annually. What is the total?

Back

$72,693.90

Front

You borrowed $1,690 for 5.5 years at an interest of 5.7%. How much is the total you pay?

Back

$2,292.45

Front

Audrey deposited $2,800 in a savings account that pays 2.65% interest compounded annually. What is the total value of the account after 7 years?

Back

$3362.57

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

Front

Emily buys furniture on credit with 9.5% interest compounded quarterly. Initial cost: $7,400. Duration: 8 years. Total payment?

Back

$15,683.28

Front

Monthly means how many times a year?

Back

12

Front

Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.

Back

$2794.10

Front

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

Back

$12,749.30