Compound Interest

Principal: $5000

Interest Rate: 3.75%

Time: 25 years

Compounded Monthly

State the future account balance.

• $12712.31

• $12,749.30

• $12,657.59

• $12550.84

Semi-Annually means how many times a year?

• 4 
• 2
• 1
• 6

Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.

• $2794.10
• $2738.11
• $2774.98
• $2807.11

Principal: $2580

Interest Rate: 12%

Time: 6 years

Compounded Annually

State the future account balance.

• $5092.46

• $7672.46

• $17337.60

• $4437.60

Principal: $12,900

Interest Rate: 8%

Time: 3 years

Compounded Quarterly

State the future account balance.

• $16,360.32

• $115,017.70

• $32,484.39

• $151,896.00

Caiden earned $475 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
• $831.10
• $839.45
• $846.80

Tags

CCSS.7.RP.A.3