Compound interest

• Brad has $1,000 in a savings account that earns 10% annually. The interest is not compounded. How much will he have in total in 1 year?

Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), ris the interest rate expressed as a decimal, and t is the time in years.

• $1,010
• $1,200
• $1,050
• $1,100

• Devon has $600 in a savings account. The interest rate is 5% per year and is not compounded. How much will she have in total in 1 year?

Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), ris the interest rate expressed as a decimal, and t is the time in years.

• $630
• $640
• $610
• $620

• Raymond has $400 in a savings account that earns 13% interest per year. The interest is not compounded. How much will he have in total in 3 years?

Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), ris the interest rate expressed as a decimal, and t is the time in years.

• $546

• $736

• $796

• $556

• Fred has $200 in a savings account that earns 4% annually. The interest is not compounded. How much will he have in total in 4 years?

Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), ris the interest rate expressed as a decimal, and t is the time in years.

• $250
• $240
• $220
• $232

• Allie has $800 in a savings account. The interest rate is 11% per year and is not compounded. How much will she have in total in 2 years?

• $720
• $1056
• $976

• $850

• Desmond has $800 in a savings account that earns 1% interest per year. The interest is not compounded. How much will he have in total in 1 year?

• $810
• $805
• $815
• $808

• Anna has $50,000 in a savings account. The interest rate is 13% per year and is not compounded. How much interest will she earn in 4 years?

• $15,000
• $30,000
• $26,000
• $40,000

• Pablo has $50,000 in a savings account. The interest rate is 15% per year and is not compounded. How much will he have in total in 1 year?

• $52,500
• $57,500
• $60,000
• $45,000

• Wendy has $90,000 in a savings account that earns 14% interest per year. The interest is not compounded. How much will she have in total in 1 year?

• $100,000
• $110,000
• $95,000
• $102,600

• Terrence has $70,000 in a savings account that earns 12% interest per year. The interest is not compounded. How much will he have in total in 5 years?

• $110,000
• $105,000
• $84,000
• $112,000