Simple and Compound Interest

Julio deposited $3,000 in savings account that pays 2.5% interest compounded annually. What is the total value of the account after 4 years?

• $3,311.44

• $3,300.00

• $3,117.18

• $3,075.00

Tai put $5,200 in a savings account that pays 4.2% simple interest. Each year she withdraws the interest and treats herself to a visit to a spa. How much can she spend each year?

• $2,184.00

• $218.40

• $214.80

• $21.84

Tags

CCSS.7.RP.A.3

Garrison deposited $500 in an account that earns 5% annual interest compounded annually. If he makes no withdrawals or deposits, how much interest will the account earn after 4 years?

Mathematical Equivalence

ON

Tags

CCSS.HSF.BF.A.2

David invests $10,000 in a savings account that pays 3.5% simple interest. If David makes no withdrawals or deposits to the account, how much will be in the account after 7 years?

​ ​ (a)  

• $12,450
• Not Here
• $2,450
• $11,750

Tags

CCSS.HSF.BF.A.2

Mr. Diable invested $3,500 in a 7 year CD that pays 4.2% interest compounded annually. How much interest will the CD earn over the 7 years?

• $147.00

• $245.00

• $1,168.12

• $4,668.12