TEKS.MATH.8.12D

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

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TEKS.MATH.8.12D

TEKS.MATH.9-12.I.B

You have $10 in you bank account.  It doubles every month.  How much money will you have after 5 months?

• $50
• $35
• $320
• $250

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TEKS.MATH.8.12D

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

• $7.50
• $26.25
• $87.5
• $262.50

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TEKS.MATH.8.12D

I=prt
Find p if I = 45, r = 6%, t = 0.5

• 15
• 1500
• 150
• 1.35

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TEKS.MATH.8.12D

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 years?

• $827.52                     (Mr. Williams)       
• $831.10                 (Mrs. Hoch)
• $839.45                    (Mr. Krajunus)
• $846.80                   (Ms. Palombo)

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TEKS.MATH.8.12D

TEKS.MATH.9-12.I.B.1

If $1,000 is invested at 16% interest, compounded annually, for five years, what is the ending balance?

• $1,225,54

• $2,100.34

• $22,255.40

• $225.54

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TEKS.MATH.8.12D

compound means _____________

• principle added into the interest

• principle subtracted from the interest

• just interest

• flovela

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TEKS.MATH.8.12D

Paul deposits $4000 in a bank which pays a compound interest rate of 4% per year. How much will he have in 5 years.

• $4866.61

• $5628.40

• $6077.53

• $6326.60

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TEKS.MATH.8.12D

Emily’s parents put $1500 in her bank account for college tuition at a simple interest rate of 8.25%. What will be the balance after 18 years?

• $22,275

• $2227.50

• $12,375

• $3727.50

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TEKS.MATH.8.12D

Rob has $5,000. He deposits his money into a savings account at Town Bank which offers a 4.25% interest rate. If Rob does not make any deposits or withdrawals, how much simple interest will Rob's money earn after 6 months?

• $10,625

• $1275

• $106.25

• $127,500

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TEKS.MATH.8.12D