Compound Interest

Misty has € 5000 (euros) to invest. She invests her money in a bank that pays 4.4% interest compounded annually.

How much money does Misty have at the end of 15 years? Round your answer to a whole euro.

(a)  

Tags

CCSS.HSF-LE.A.1C

You deposit $1500 into an account that pays an interest rate of 4% compounded annually.

What is the worth of your investment after five years?

(a)  

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

CCSS.HSF.LE.B.5

Sarah invested $150 into a bank. The bank will pay 8% interest, compounded annually. How much interest did Sarah gain in 3 years?

(a)  

Tags

CCSS.HSF.BF.A.2

Visay invests LAK 500 000 000 (Lao Kip) in a bank. The bank will pay 3.2% interest compounded annually. How much interest Visay has gained at the end of

eight years. Give your answer correct to 3 significant figures.

(a)  

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

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 interest did Olivia have to pay after 8 years?

(a)  

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

How much would an account be worth after 25 years if a principal of $5000 is deposited into an account with an interest rate of 3.75% compounded monthly?

(a)  

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

How much would an investment of $1,500 with a 4% interest rate compounded monthly be worth after 5 years?

(a)  

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

The Arnold took out a loan for $195,000 to purchase a home. At 4.3% interest rate compounded semi-annually, how much interest will Arnold have to pay after 30

years?

(a)  

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSA.SSE.A.1

You put $2,500 into a savings account. If the bank pays 4.3% compounded monthly for 3 years, then how much will your investment be worth? Round your answer to the nearest whole dollar.

(a)  

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded half-yearly, how much interest will Riley gain in 15 years?

(a)  

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1