Compound Interest

Riley invested $2,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Riley earn in 10 years?

• $1,584.62

• $2,651.39

• $3884.55

• $3913.29

Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $9,700, how much total will she have paid after 4 years.

• $15,415.94

• $14,121.29

• $15,927.56

• $16,109.05

Semi-Annually means how many times a year?

• 4 
• 2
• 1
• 6

Tags

CCSS.6.RP.A.3B

Principal: $999

Interest Rate: 4.82%

Time: 22 years

Compounded Quarterly

State the future account balance.

• $2866.41

• $2738.11

• $2774.98

• $2807.11

Find the total amount in the account to the nearest cent if the interest is compounded monthly.

$2750 at 13.2% for 5 years.

• $2200.00

• $5301.54

• $8910.00

• $2750