Compound Interest

How many times a year is something compounded if it's compounded quarterly?

• 4

• 12

• 2

• 1

Tags

CCSS.HSF-LE.A.1C

How many times a year is something compounded if it's compounded semi-annually?

• 4

• 12

• 2

• 1

Tags

CCSS.HSF-LE.A.1C

The annual interest rate for a loan is 12% but it is compounded semi-annually.

What percent will the interest be calculated with?

• 12%

• 6%

• 4%

• 2%

The annual interest rate for a loan is 18% but it is compounded quarterly.

What percent will the interest be calculated with?

• 18%

• 4.5%

• 5%

• 4%

The annual interest rate for a loan is 12% but it is compounded monthly.

What percent will the interest be calculated with?

• 2%

• 1%

• 12%

• 4%

The annual interest rate for a loan is 10% but it is compounded semi-annually.

What percent will the interest be calculated with?

• 10%

• 5%

• 2.5%

• 0.83%

You take out a loan for $3000 and agree to an annual percentage rate of 16% that is compounded semi-annually. Which expression shows the account balance after 3 years?

You take out a loan for $2000 and agree to an annual percentage rate of 36% that is compounded monthly. Which expression shows the account balance after 2 years?

You take out a loan for $800 and agree to an annual percentage rate of 36% that is compounded quarterly. Which expression shows the account balance after 2 years?

If you invest $400 into an account earning 24% annual interest that is compounded quarterly. How much will be in your account after 2 years?

• $615.04

• $449.44

• $637.54

• $2235.80