Retest review Simple and Compound Interest

Mrs. Kay deposited $2500 in an account that pays 3.5% interest compounded annually. What is the balance of the account at the end of 3 years?

(Do not include dollar sign or commas in your answer.)

Mr. McDowell deposited $6200 in a simple interest account. The interest rate is 7.5%. What is the amount of interest earned on the account at the end of 6 years?

(Do not include dollar sign or commas in your answer.)

Tags

CCSS.7.RP.A.3

Mrs. Crawford took out a loan in the amount of $3800. The interest rate was 4.6% compounded annually. How much interest did she pay at the end of 5 years?

(Do not include dollar sign or commas in your answer.)

Mrs. McDaniel opened a simple interest savings account with a deposit of $9300. The account had a 5% interest rate. What is the account balance after 6 years?

(Do not include the dollar sign or commas in your answer.)

Tags

CCSS.HSF.BF.A.2

Mrs. LaFollet opened a savings account with a deposit of $4700. It is a simple interest account. At the end of 6 years, she had earned $2538 in interest. What was the annual interest rate on this account?

(Do not include dollar sign or commas in your answer.)

Tags

CCSS.6.EE.B.7

Mr. Bell took out a 3-year loan and paid 4.3% simple interest. He paid a total of $586.95 in interest.

What was the amount of the loan?

(Do not include the dollar sign or commas with your answer)

Tags

CCSS.7.RP.A.3

Jennifer opened 2 savings accounts.

Account 1 was a $4000 savings account earning 3.2% simple interest.

Account 2 was a $2500 savings account earning 2.8% interest compounded annually.

What is the sum of both account balances at the end of 5 years?

(Do not include dollar sign or commas in your answer.)

Daniel invested $200 in an account that pays 2.6% annual simple interest. How much money will be in the account at the end of 5 years?

(Do not include dollar sign or commas in your answer.)

Tags

CCSS.HSF.BF.A.2

Marcie opened a savings account that pays 4% and is compounded annually. She place $5,500 in the account. How much money will be in the account at the end of 4 years? (Do not include a dollar sign or commas with your answer.)