Simple and Compound Interest

Front

Your 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?

Back

$23,285.05

Front

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

Back

$72,693.90

Front

Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?

Back

$87,798.90

Front

Semi-Annually means how many times a year?

Back

2

Front

Change 6.75% to a decimal.

Back

.0675

Front

Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest $compounded semi-annually$, how much total will Riley earn in 15 years?

Back

2706.86

Front

Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years?

Back

$15,683.28

Front

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

Back

$12,749.30

Front

Emily'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 3 years?

Back

$1,911.70

Front

What does the n stand for in this formula? Options: Initial amount, Final amount, Rate, Time, The number of times compounded per year

Back

The number of times compounded per year