Growth and decay

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

• $23,285.05
• $3,285.05
• $2,385
• $32,285

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

• $13,693.90
• $1,363.90
• $72,693.90
• $73,793.90

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

• $47,798.90
• $87,798.90
• $127,798
• $7,798

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CCSS.HSA.SSE.A.1

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Your $440 gets 5.8% interest compounded annually for 8 years. What will your $440 be worth in 8 years?

• $250.78

• $690.78

• $1,130

• $940.78

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CCSS.HSF.LE.A.2

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You invested $1,900 at 4% interest compounded annually for 3 years.  How much interest did you earn in 3 years?

• $2,372.40
• $237.24
• $2,137.24
• $3,197.60

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CCSS.HSF.BF.A.2

You deposit $2,500 in a savings account.

What is the difference in the amount of interest that will be paid in each situation?

Option A) Interest rate of 8.25% simple interest for 2 years

Option B) Interest rate of 6.5% compounded annually for 2 years

• $769.40

• $335.56

• $76.94

• $68.52

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You deposit $5,000 in an account. What will be the difference between the interest paid?

A) Simple interest rate of 6.25% for 2.5 years

B) 5.5% rate compounded annually for 2.5 years

• $781.25

• $65.13

• $76.53

• $716.12

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CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

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The height of the water in a tank reduces by 15% every 5 minutes. Which of the following graphs shows this?

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A car depreciates in value each year by 8%. A new car costs £11000.

How much will it be worth in 3 years? (to the nearest £)

• £5632

• £7880

• £8566

• £13857

A computer depreciates in value by 3% every six months. Originally the computer cost £799. How much is it worth 2 years later to the nearest pound?

• £707

• £752

• £385

• £899