Compound Interest - B10

Flashcard
•
Mathematics
•
10th Grade
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
3-year investment of $20,000 with 5.2% interest compounded annually. What is the total return?
Back
$23,285.05
2.
FLASHCARD QUESTION
Front
You borrowed $59,000 for 2 years at 11% compounded annually. What total will you pay back?
Back
$72,693.90
3.
FLASHCARD QUESTION
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
4.
FLASHCARD QUESTION
Front
Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.
Back
$2794.10
5.
FLASHCARD QUESTION
Front
Loan amount: $195,000, Interest rate: 4.3% compounded annually, Duration: 30 years
Back
$689,546.99
6.
FLASHCARD QUESTION
Front
Karla invested $1,000 in savings bonds earning 6.75% interest compounded semi-annually for 15 years. How much total will Karla earn?
Back
$2,706.86
7.
FLASHCARD QUESTION
Front
Courtney saved $2,200 at 5.2% interest compounded daily for 4 years. How much will she have?
Back
$2708.63
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