Compound Interest

How much interest is earned on a $50 loan at a rate of 3% compounded annually for 5 years?

• $7. 96
• $57. 96
• $7.50
• $57.50

Which answer is closest to the amount of interest earned on if you save $100 that earns 3% interest compounded annually for 10 years?

• $30
• $130
• $34.39
• $134.39

What is the amount of interest earned if you have $45 that earns 3.8% interest compounded annually for 6 years

• $10.26
• $55.26
• $11.29
• $56.29

At age 15 you go to work for Braums. You take your 1st paycheck of $120 and put it in savings.  Your $120 earns 2% interest compounded annually.  If you leave the $120 in the account, how much money will you have when you turn 55?

• $264.96
• $144.96
• $216
• $96

How much interest is earned on $20 at a rate of 0.7% compounded annually for 2 years?

• $20.28
• $0.28
• $22.90
• $2.90

What is the total balance if you borrow $3500 with an interest rate of 2% compounded annually for 4 years?

• $280
• $3780
• $288.51
• $3788.51

What is the total balance for a loan of $400 compounded annually that has a rate of 11% for 4 years

• $207.23
• $607.23
• $176
• $576

Jay'den earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?

• $827.52
• $831.10
• $839.45
• $846.80

The Arnold's took out a loan for $195,000 to purchase a home. At a 4.3% interest rate compounded annually, how much total will they have paid after 30 years?

• $412,749.79
• $529.305.61
• $689,546.99
• $640,891.53

Tags

CCSS.HSF-LE.A.1C

Find the total amount in the account to the nearest cent if the interest is compounded annually. 
$2750 at 8% for 2 years

• $2200.00
• $3207.60
• $8910.00
• $2750

Tags

CCSS.HSF-LE.A.1C