Compound Interest

In the compound interest formula what does the A stand for?

• The amount of interest

• The total amount

• The interest rate

• The time

In the compound interest formula what does the P stand for?

• The time

• The total amount

• The principal amount (original amount)

• The interest rate

Change 6.5% to a decimal

• .65

• 6.5

• .065

• .065%

Change 18% to a decimal

• 18

• .18

• .018

• .18%

What does r represent

• rate

• principal

• time

• amount

Caiden deposited $475 in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?

• $827.52

• $831.10

• $839.45

• $846.80

Semi-Annually means how many times a year?

• 4 
• 2
• 1
• 6

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

• $12712.31
• $12,749.30
• $12,657.59
• $12550.84

How do you find out how much interest you have paid?

Tags

CCSS.HSF.BF.A.2

Olivia 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.

• $15,415.94
• $15,683.28
• $15,927.56
• $16,109.05