Compound Interest

Front

Semi-Annually means how many times a year?

Back

2

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

Front

Monthly means how many times a year?

Back

12

Front

Heather invested $8,000 in a 4-year Certificate of Deposit (CD) that pays 4.1% interest compounded annually. What is the value of the CD at the end of the 4 years?

Back

$9,394.92

Front

Zach's parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semi-annually, what will be the balance after 18 years?

Back

$6,427.94

Front

Approximately what interest rate would be needed to grow an investment of $1400 to $2500 in 10 years with compound monthly interest?

Back

5.81%

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 earn in 10 years?

Back

$4005.09

Front

How much to invest now to save $5,000 in 3 years at 4.3% interest compounded monthly?

Back

$4,395.89

Front

Cora invested $400 at a rate of 35% for 8 months, compounded continuously. How much is her investment worth after 8 months?

Back

$505.12

Front

Interest rate needed to grow $1,400 to $2,500 in 10 years with monthly compounding?

Back

5.81%