Compound Interest Flashcard

Front

A bank is offering 7% annual compound interest on a savings account. If you deposit $1,500, what will be the total amount of money in your savings account after three years?

Back

$1837.56

Front

A bank is offering 7% annual compound interest on a savings account. If you deposit $1,500, how much interest will you earn in three years?

Back

$337.56

Front

Kara borrowed $21,000 for 5½ years at an annual compound interest rate of 7.5% to buy a car. What is the total amount she will repay the bank for the auto loan?

Back

$31258.30

Front

A man invests $2,000 in an account that pays 8% interest compounded quarterly. What is the total amount he will have in his account after 10 years?

Back

$4,416.08

Front

Jane deposits $450 into a savings account that generates 10% interest compounded monthly. How much money will be in the account after 12 years?

Back

$1,486.64

Front

You borrowed $59,000 for 2 years at 11% compounded annually. What total will you pay back?

Back

$72,693.90

Front

3-year investment of $20,000 at 5.2% interest compounded annually. What is the total return?

Back

$23,285.05

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. She spent $7,400. How much will she have paid after 8 years?

Back

$15,683.28