Compound and Simple Interest Practice

• rate

• principal

• time

• amount

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CCSS.HSA.SSE.A.1

• rate

• principal

• time

• amount

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CCSS.HSA.SSE.A.1

CCSS.HSF.LE.B.5

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

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CCSS.HSA.SSE.A.1

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You borrowed $59,000 for 2 years at 11% which was compounded annually. What is the total?

• $13,693.90

• $1,363.90

• $72,693.90

• $73,793.90

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CCSS.HSA.SSE.A.1

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You borrowed $1,690 for 5.5 years at an interest of 5.7%. How much is the total you pay?

• $1,690

• $2,292.45

• $1,87.55

• $3,982.45

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CCSS.HSF.BF.A.2

Krystal has $3000 invested at a 2% interest rate compounded annually. Which expression can be used to determine how much money Krystal had after 16 years?

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CCSS.HSF.BF.A.2

Audrey deposited $2,800 in a

savings account that pays 2.65% interest compounded annually.

What is the total value of the account after 7 years?

• $562.57

• $3362.57

• $14,514.15

• $2,569,680

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CCSS.HSA.SSE.A.1

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Steve deposited $5,000 in a savings account that pays 4% interest compounded annually.

Which equation could be used to find the value of the account after 3 years?

• A = 5,000(1 + 4)³

• A = 5,000(1+0.4) x 3

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CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.LE.A.1

You invested $1,900 at 4% interest compounded annually for 3 years.  How much interest did you earn in 3 years?

• $2,372.40
• $237.24
• $2,137.24
• $3,197.60

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Find the compound interest:
Principal: $1735
Interest Rate: 0.8%
Time: 1 year

• $1,388
• $138.80
• $13.88
• None of the answers are correct.

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CCSS.HSF.BF.A.2