Compound Interest

Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much total will she earn in 10 years? (a)  

• $4915.59
• $3933.28
• $2979.81
• $4005.09

Principal: $5000Interest Rate: 3.75%Time: 25 yearsCompounded MonthlyState the future account balance. (a)  

• $12712.31
• $12,749.30
• $12,657.59
• $12550.84

If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?

• $1,225,54
• $2,225.54
• $22,255.40
• $225.54

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.LE.B.5

The poplulation of Eden is growing continuously at a rate of 1.9%. If the current population is 15,230, about how many years to reach 20,000?

• 31
• 2
• 15
• 68

Tags

CCSS.HSF.LE.A.4

• $128,660

• $77,725

• $80,236

• $155,351

Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much interest will Riley earn in 15 years?

• $584.62

• $1,651.39

• $1,706.86

• $825.10

Jose Altuve borrowed $100,000, which accrued 11% interest compounded continuously.  About how much does he owe after half a year. (a)  

• $105,654
• $133,105
• $164,133
• $112,822

Mr. T invested $15,000 in an account that pays 5% interest compounding continuously, how much is in the account after 5 years? 

• $15,500.50
• $19,260.38
• $19,260.40
• $21,500.25

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

Given an investment of $1,500:Which investment would have a larger balance after 5 years?Option 1 - 4% compounded monthlyOption 2 - 4% compounded daily. (a)  

• Option 1
• Option 2

Which formula is shown?

• Periodic Compound Interest Formula

• Continuous Compound Interest Formula

Tags

CCSS.HSF-IF.C.8B