Compound Interest

The Principal and Interest are always___________.

• fraction
• decimal
• percent
• money

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Change 6.75% to a decimal.

• 67.5
• .675
• 675
• .0675

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.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

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

• $1,225,54

• $2,100.34

• $22,255.40

• $225.54

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

• $1,225,54

• $2,100.34

• $22,255.40

• $225.54

Caiden earned $675 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?

• $827.52

• 1181.04

• $839.45

• $846.80

Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded anually. If she spent $7,400, how much total will she have paid after 8 years.

• $15,415.94

• $15,294.83

• $15,927.56

• $16,109.05

How much interest is earned on a $500 loan at a rate of 3% compounded annually for 5 years?

• $79.64

• $57. 96

• $70.50

• $57.50

What is the amount of interest earned if you have $450 that earns 2.8% interest compounded annually for 6 years

• $10.26

• $55.26

• $81.09

• $56.29

Which is the

compound interest formula?

• A = P(2+r)^t

• I= Prt

• A² + B² = C²

• A = P(1+r)^t