Chanelle deposits $7,500 into the bank. She does not withdraw or deposit money for 6 years. She earns 6% interest during that time. How much interest will she have earned at the end of 6 years?

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CCSS.7.RP.A.3

Chanelle deposits $7,500 into the bank. She does not withdraw or deposit money for 6 years. She earns 6% interest during that time. What will the balance be when she is finally able to withdraw her money?

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CCSS.HSF.BF.A.2

Craig just purchased a new car. He financed $45,000 and must pay it back over 5 years with 11%

interest. How much will Craig have paid in interest by the time his car is paid off?

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CCSS.7.RP.A.3

Craig just purchased a new car. He financed $45,000 and must pay it back over 5 years with 11%

interest. How much will he have paid for his car, including interest, after 5 years?

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CCSS.7.RP.A.3

Allison was left an inheritance from her Great Aunt on her 12th birthday. However, she is not able to touch it until she is 21 years old. She inherited $50,000 that was put into an account with 2% interest. How much interest will Allison have earned when she turns 21 years old?

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CCSS.7.RP.A.3

Allison was left an inheritance from her Great Aunt on her 12th birthday. However, she is not able to touch it until she is 21 years old. She inherited $50,000 that was put into an account with 2% interest. How much money will be in the account on her 21st birthday?

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CCSS.HSF.BF.A.2

Damian has a balance of $10,200 on his credit card. He threw the card away so he can never use it again. He has 31⁄2 years to pay off the balance. The interest rate on his card is 21%. At the end of the 31⁄2 years, how much interest has he paid?

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CCSS.7.RP.A.3

Damian has a balance of $10,200 on his credit card. He threw the card away so he can never use it again. He has 31⁄2 years to pay off the balance. The interest rate on his card is 21%. When Damian pays off his credit card, how much will he have paid in all?

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CCSS.HSF.BF.A.2

Rosario was able to get a great interest rate on her house. She financed $150,000 for 15 years with

an interest rate of 2.75%. How much will she pay in interest over 15 years?

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CCSS.7.RP.A.3

Rosario was able to get a great interest rate on her house. She financed $150,000 for 15 years with

an interest rate of 2.75%. When she pays off her mortgage, how much will she have spent in all?

Tags

CCSS.7.RP.A.3