Identifying different types of interest

Ashleigh borrowed $4,000 from Katelyn at 4% simple interest for 3 months. 

• Simple
• Compound
• FV
• PV

Armond is investing $40 per month in an investment account which earns 4% interest.  How much will he have in 20 years?

• simple
• compound
• FV
• PV

Tags

CCSS.HSF.BF.A.2

Bryan invested $5,000 at 3% interest compounded annually. How much will he have in 4 years?

• Simple
• Compound
• FV
• PV

Allie is buying a car for $12,000 at 5.5% interest.  How much will her monthly payment be? 

• Simple
• Compound
• FV
• PV

Chris knows that in 5 years he needs to have $20,000 for his son to go to college, so he is setting up a quarterly sinking fund which earns 7% interest.  How much will his quarterly payment be?

• Simple
• Compound
• FV
• PV

Tags

CCSS.8.EE.C.7B

Jenna put $8,000 into an account earning 3% interest compounded monthly.  How much will she have in 10 years?

• Simple
• Compound
• FV
• PV

Alyn is buying a house for $100,000 and was approved for a 5% loan.  How much will her monthly payment be? 

• Simple
• Compound
• FV
• PV

Dylan bought a house and pays $667.98 per month.  If his loan has a 4% interest rate, what was the original amount of his loan?

• Simple
• Compound
• FV
• PV

How much does Mike need to invest today to have $20,000 in 4 years if he think his investment will earn 7% interest?

• Simple
• Compound
• FV
• PV

Arlene wants to have $1,000,000 when she retires in 25 years.  If she thinks her investment will earn 5.7%, how much should she invest per pay period to reach her goal?

• Simple
• Compound
• FV
• PV