Compound Interest

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 years?

• $827.52

• $831.10

• $839.45

• $846.80

Your 3 year investment of $20,000 received 5.2% interest compounded annually.  What is your total return?

• $23,285.05
• $3,285.05
• $2,385
• $32,285

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

You borrowed $59,000 for 2 years at 11% which was compounded annually.  What total will you pay back?

• $13,693.90
• $1,363.90
• $72,693.90
• $73,793.90

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?

• $47,798.90
• $87,798.90
• $127,798
• $7,798

Tags

CCSS.HSF-LE.A.1C

Your returns (or interest rate) are 8% a year. How long before your investment doubles?

• 9 years
• 8 years
• 7 years
• Never

Tags

CCSS.7.RP.A.3

Your returns (or interest rate) are 9% a year. How long before your investment doubles?

• 9 years
• 8 years
• 7 years
• They won't

Tags

CCSS.7.RP.A.3

Your returns (or interest rate) are 6% a year. How long before your investment doubles?

• 18 years
• 16 years
• 12 years
• 8 years

Tags

CCSS.HSF.LE.A.4

Your returns (or interest rate) are 1% a year because they are in a savings account. How long before your savings doubles?

• 72 years
• 36 years
• 1 year
• They will never double

Tags

CCSS.HSF.LE.A.4

How many years will it take $4000 to double with a 5% interest rate?

• 1440
• 14.4
• 55.5
• 80

Tags

CCSS.HSF.LE.A.4

What interest rate would you need to double $3500 in 9 years?

• 7%
• 10%
• 8%
• 38.8%

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