Compounded Interest 2

In the compound interest formula A=P(1+r)^t what does the A stand for?

• The amount of interest

• The total amount

• The interest rate

• The time

In the compound interest formula A=P(1+r)^t what does the P stand for?

• The time

• The total amount

• The principal amount (original amount)

• The interest rate

Your 3 year investment of $20,000 received 5.2% interest compounded annually.  What is your total return?

• $23,285.05
• $3,285.05
• $2,385
• $32,285

Tags

CCSS.HSF-LE.A.1C

Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?

• $47,798.90
• $87,798.90
• $127,798
• $7,798

Tags

CCSS.HSF.BF.A.2

Your 9 year investment of $40,000 at 14% interest compounded annually is worth how much now?

• $47,798.90
• $13,007.79

• $453,331.66

• $130,077.94

You borrowed $60,000 for 2 years at 9% which was compounded annually.  What total will you pay back?

• $21,660

• $216,600

• $71,286

• $73,793.90

Your 3 year investment of $10,000 received 5.2% interest compounded annually.  What is your total return?

• $11,642.53

• $35,118.08

• $1,164.25

• $3,511.81

Tags

CCSS.HSF-LE.A.1C