Compound Interest 8.12

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

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?

• $827.52
• $831.10
• $839.45
• $846.80

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.

Tags

CCSS.7.RP.A.3

What is the formula for simple interest?

• A=P(1+r)^t
• I=Prt
• I=P(1+r)t
• A=Prt

Tags

CCSS.8.EE.C.7B

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

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

Which is the formula for calculating compound interest?

• 
• 

Sue got an $8000 loan to buy a used car. Due to her bad credit, the interest rate was 16.8%. If the loan length was 60 months, how much did she end up paying for the car?

• $6720

• $14720

• $80,640

• $8672

Tags

CCSS.7.RP.A.3

I deposited $46,875 into a simple interest, and at the end of 1 year 8 months, the account had grown to $50,000. Find the rate of interest per year.

• 64%

• 4%

• 4.167%

• 66 2/3%

Tags

CCSS.7.RP.A.3

Ivan deposits $5,000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years?

What is the principle? ​ (a)  

What is the rate? ​ (b)  

What is the time? ​ (c)  

• $5,000
• 5%
• 3 years

Tags

CCSS.7.RP.A.3