Compound Interest - B10

Compound Interest - B10

Assessment

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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