Interest

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

You invested $1,900 at 4% interest compounded annually for 3 years.  How much interest did you earn in 3 years?

• $2,372.40
• $237.24
• $2,137.24
• $3,197.60

Tags

CCSS.HSF.BF.A.2

Determine the interest on a $250 account that earns 3% simple interest over 7 years.

• $52.50

• $302.50

• $53.00

• $305.00

What is the ending balance of an account with $42,000 and earns simple interest at a rate of 3% for 5 years?

• $6,300.00
• $46,300.00
• $48,300.00
• $6,342.00

Tags

CCSS.HSF.BF.A.2