Compound Interest

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

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

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

Emilio borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back total in 2 years?

• $150
• $192
• $1350
• $1392

Tags

CCSS.HSF.BF.A.2

Carlos deposited $5000, at 8% for 3 years. Find the end balance if its compounded anually.

• $1200

• $5000

• $6298.56

• $1298.56