Quizzizz #6 - Alg2H

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?

Mathematical Equivalence

ON

Emily’s parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semi-annually, what will be the balance after 18 years?

Mathematical Equivalence

ON

Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded monthly, how much total will he have paid after 5 years?

Mathematical Equivalence

ON

Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years?

Mathematical Equivalence

ON

The Henleys took out a loan for $195,000 to purchase a home. At a 4.3% interest rate compounded annually, how much interest will they have paid after 30 years?

Mathematical Equivalence

ON

Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much interest will she will she earn in 10 years?

Mathematical Equivalence

ON

Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually how much interest will Riley earn in 15 years?

Mathematical Equivalence

ON

Town Bank offers Town Bank offers a 2.25% a 2.25% interest rate, while interest rate, while rate, while Charter One Charter One offers 2.8%. Both banks compound interest annually. If Rob wants to set up a new account with $5,000, how much more money will he earn at Charter One over Town Bank after 25 years?

Mathematical Equivalence

ON

Twelve years ago, Claire put $1,800 in an account that pays an interest rate of 2.5% compounded semi-annually. She now plans to take the money in that account and invest it in another account that earns 4% interest compounded monthly. How much money will be in this new account after 7 years?

Mathematical Equivalence

ON

Shawn is buying a new Jet Ski for $12,500. He is considering two credit options. Option A offers a 6 year loan with 8.5% interest compounded quarterly, while Option B offers a 5 year loan with 10% interest compounded annually. If he chooses the better option, how much will he save?

Mathematical Equivalence

ON