Compound Interest

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

Emily would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.

Courtney saved up $2,200 working as a waitress over the summer. She put this money into a bank account that earned 5.2% interest and is compounded daily. How much will she have in her account at the end of 4 years?

Semi-Annually means how many times a year?

Change 6.75% to a decimal.

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

How much money do you need to invest at 2.8% compounded continuously in order to have $25,500 at the end of 8 years? Round your answer to the nearest dollar

Hugo opened a savings account and deposited $800 as principal. The account earns 4% interest, compounded continuously. What is the balance after 5 years?

Jacob deposits $324 per month into an account that compounds interest at 2%, how much will his account have in 10 years?

Tags

CCSS.HSF.BF.A.2

How much money would you need to deposit bi-monthly in order to have a balance of $2,500 in 8 years with an interest rate of 5%?

Tags

CCSS.8.EE.C.7B