8.12D Compound Interest DC #2

Find the following Balance:
$600 invested at 6% compounded annually for 7 years.

• $2273.04
• $1080.57
• $1057.95
• $902.18

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

James needs 1200 to fund a project. He borrows the money off the bank at an interest rate of 4.5% for 3 years compounded annually. Calculate how much interest he pays (not the total amount)

• 1369.40
• 1268
• 169.40
• 162

Nick borrows $9200 at an interest rate of 7% interest for 4 years compounded annually. Calculate the total amount he has to repay 

• 2859.32
• 12059.32
• 10000
• 12059

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

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