Compound Interest
Flashcard
•
Mathematics
•
10th - 12th Grade
•
Practice Problem
•
Easy
Jessica Hawkins
Used 1+ times
FREE Resource
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10 questions
Show all answers
1.
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
2.
FLASHCARD QUESTION
Front
Emily buys furniture on credit with 9.5% interest compounded quarterly. She spent $7,400. How much total will she have paid after 8 years?
Back
$15,683.28
3.
FLASHCARD QUESTION
Front
Monthly means how many times a year?
Back
12
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
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
Back
$12,749.30
6.
FLASHCARD QUESTION
Front
Jay'den's balance after 15 years with $475 at 3.8% interest compounded annually.
Back
$831.10
7.
FLASHCARD QUESTION
Front
Loan amount: $195,000, Interest rate: 4.3% compounded annually, Duration: 30 years
Back
$689,546.99
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