In the compound interest formula A=P(1+r)t what does the P stand for?

Exponential Review

Quiz
•
Mathematics
•
11th Grade
•
Easy
Cody Howell
Used 3+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The time
The total amount
The principal amount (original amount)
The interest rate
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Jacob borrows $500 from Abraham and agrees to have the loan compounded annually for 5 years with an interest rate of 2.5%. How much will the total amount be that Jacob owes?
$565.70
$262609.38
$65.70
$630.20
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Hei-Hei has $1500 in a retirement account earning 5% interest compounded annually. After 5 years how much does Hei-Hei have in the account?
$1750
$2010.14
$2500
$1914.42
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Daniel invests $360 in a bank account that is compounded annually for 8 years with an interest rate of 5.5%. What will be the total amount in the account after the 8 years is over?
$625.88
$950.12
$315.45
$552.49
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Simplify the expression
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