2024 compound interest MIXED, INTEREST or BALANCE
Authored by Chris Levens
Mathematics
8th Grade
CCSS covered
Used 6+ times
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10 questions
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1.
MATH RESPONSE QUESTION
5 mins • 10 pts
A deposit of $7912 is made into a new account that earns 5.75% compound interest. No additional deposits or withdrawals will be made for 2 years. What is the balance of the account at the end of 2 years?
Mathematical Equivalence
ON
2.
MATH RESPONSE QUESTION
5 mins • 10 pts
A business owner invested $10,500 into an account that pays 1.2% compound annual interest. No additional deposits or withdrawals will be made. What is the amount of interest earned on the account at the end of 4 years?
Mathematical Equivalence
ON
3.
MATH RESPONSE QUESTION
5 mins • 10 pts
A business owner opens a new investment account with a $10,000.00 deposit. The investment account earns 2.5% interest compounded annually. How much will the account be worth at the end of the second year?
Mathematical Equivalence
ON
Tags
CCSS.HSF.BF.A.2
4.
MATH RESPONSE QUESTION
5 mins • 10 pts
Larry put $1,287 into a savings account 8 years ago. The account earned 4% compound annual interest. He made no additional deposits or withdrawals. Based on this information, what is the interest in dollars and cents in Larry's savings account?
Mathematical Equivalence
ON
Tags
CCSS.HSF.BF.A.2
5.
MATH RESPONSE QUESTION
5 mins • 10 pts
A student's parents invested $5,000 in a college savings account that pays 4.85% compound annual interest. No additional deposits or withdrawals will be made. What is the balance of the account at the end of 15 years?
Mathematical Equivalence
ON
6.
MATH RESPONSE QUESTION
5 mins • 10 pts
Coach H deposited $1,250 into an account. He made no additional deposits or withdrawals. Coach H earned 4.25% compound annual interest on the money in the account. What is the amount of interest Coach H earned at the end of 4 years?
Mathematical Equivalence
ON
7.
MATH RESPONSE QUESTION
5 mins • 10 pts
An employee put $5,000 in a retirement account that offers 9% interest compounded annually. The employee makes no additional deposits or withdrawals. What will be the balance of the account at the end of a 5 year period?
Mathematical Equivalence
ON
Tags
CCSS.HSF.BF.A.2
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