Compare Compound and Simple Interest

Carly

deposited $800 in an account that earns 6% compounded annually. Lara deposited

$800 in an account that earns 6% simple interest. How much will each girl have

in their account at the end of 10 years if they make no withdrawals or deposits?

• Carly: $1432.68 Lara: $1280

• Carly: $1444.89 Lara: $1280

• Carly: $1444.89 Lara: $1320

• Carly: $1432.68 Lara: $1320

View question in the picture then select the best answer

• A

• B

• C

• D

Tags

CCSS.7.RP.A.3

View question in the picture then select the best answer

• A

• B

• C

• D

Tags

CCSS.7.RP.A.3

View question in the picture then select the best answer

• A

• B

• C

• D

View question in the picture then select the best answer

• F

• G

• H

• J

Tags

CCSS.7.RP.A.3