Exponential equations: Compound Interest

How much money will you have in 8 years if you invest $4000 at 3.5% compounded quarterly? $A=P\left(1+\frac{r}{n}\right)^{nt}$  

• 4327.59

• 5936.12

• 7125.22

• 5286.08

How much money would you have after 7 years if you invested $12,000 at 2% compounded annually? $A=P\left(1+\frac{r}{n}\right)^{nt}$  

• 13,784.22

• 17,211.89

• 19,602.56

• 11,324.88

 How much money will you have in 6 months if you invest $1000 at 3% compounded monthly? $A=P\left(1+\frac{r}{n}\right)^{nt}$  

• 1015.17

• 1015.09

• 1015.03

• 1014.89

How much interest will you earn in 8 years if you invest $7500 at 4.25% compounded semi-annually? $A=P\left(1+\frac{r}{n}\right)^{nt}$  

• 11209.78

• 10499.64

• 10788.23

• 10494.58

In 1910, the population of Math Valley was 15,000. If the population is increasing at an annual rate of 2.4%, what was the population in 1965?  Round to nearest person. $A=P\left(1+\frac{r}{n}\right)^{nt}$  

• 51,234

• 57,299

• 55,283

• 55,256

 If you deposit $4500 at 5% annual interest compounded quarterly, how much money will bein the account after 10 years?
 $A=P\left(1+\frac{r}{n}\right)^{nt}$  

• 7395.22

• 7396.29

• 7396.54

• 7396.02

Find the final amount for a $500 investment at 10% interest compounded monthly for 15 years. $A=P\left(1+\frac{r}{n}\right)^{nt}$  

• 2226.96

• 2241.87

• 2222.34

• 2225.51

Find the final amount for a $1200 investment at 2.5% interest compounded quarterly for 10 years. $A=P\left(1+\frac{r}{n}\right)^{nt}$  

• 1537.78

• 1540.02

• 1538.88

• 1539.63

Find the final amount for an $1800 investment at 8% interest compounded quarterly for 6 years. $A=P\left(1+\frac{r}{n}\right)^{nt}$  

• 2895.12

• 2895.22

• 2895.16

• 2895.19

Find the final amount for a $1500 investment at 5.65% interest compounded daily for 3 years. $A=P\left(1+\frac{r}{n}\right)^{nt}$  

• 1777.05

• 1776.01

• 1776.89

• 1777.01