Compound Interest

Semi-Annually means how many times a year?

• 4

• 2

• 1

• 6

Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Riley earn in 15 years?

• $1,584.62
• $2,651.39
• $2,706.86
• $1,825.10

Tags

CCSS.HSF-LE.A.1C

Zach's parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semi-annually, what will be the balance after 18 years?

• $6,273.50

• $6,314.08

• $6,385.72

• $6,427.94

If you are opening a savings account, is it better to have interest compounded daily or quarterly at 7%?

• Daily - so you earn money more often
• Quarterly - so you earn money less often
• who knows
• I need to consult my financial analyst

Steve deposited

$5,000 in a savings account that pays 4% interest compounded annually. Which

equation could be used to find the value of the account after 3 years?

• A = 5,000(1 + 4)³

• A = 5,000(1 + 0.04)³

• A = 5,000(1 + 0.4) x 3

• A = 5,000(0.04)³

Gary deposited $500 in an accoutn that earns 3% interest compounded annually. How much interest will the account earn after 6 years? 

• $90.00
• $100.00
• $97.03
• $109.20

Tags

CCSS.HSF.BF.A.2

Write the percent as a decimal. 
4.3%

• 4.3
• .43
• .043
• 4300

If $1,000 is invested at 16% interest, compounded annually, for five years, what is the ending balance?

• $1,225,54

• $2,100.34

• $22,255.40

• $225.54

the time has to be in _____________

• years

• months

• days

• seconds

Tags

CCSS.4.MD.A.1

interest is _________

• extra money paid for borrowing

• interesting

• Flocabulary songs

• time times rate

Tags

CCSS.7.RP.A.3