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Spimple and Compound Interest

Total questions: 6

Worksheet time: 21mins

Name
Class
Date
1.

Sarah deposits $78,900 for 8 years at a 4 1/2% simple interest. What is the formula for solving this problem?

a)

$112.203.74

b)

$33,303.74

c)

A2+B2=C2

d)

I=prt

2.

Rosie deposits $4,578 into her account for 3 at 9% compound interest. What is the formula to find the answer to this problem?

a)

I=prt

b)

French=Fries

c)

*compound interest formula*

d)

A=p(1+r)t

3.

Tate deposits $30 into her account at "I agree, pandas really r the best animal" bank at a 5% simple interest rate. How much money does tate get in interest after 5 years?

a)

$7.49

b)

$7.50

c)

$38.29

d)

$38.28

4.

what would the total ammount be for $126 for 10 years at 5% simple interest?

a)

$205.24

b)

$347.24

c)

$79.24

d)

$79.25

5.

Noah has been banking at "pandas r the best animal even though dogs r pretty good 2", bank for 13 years and 3 months ago. He deposited $5,555,555 into his account at a 78% compound interest rate. What is the total ammount of money in Noahs account?

a)

$11,555,599.80

b)

$11,555.80

c)

$11,555,599,516.80

d)

$11.80

6.

What is the total ammount of interest for Emma if she deposited $54,680 and has been with that bank for 5 years and 9 months with a rate of 16% compound interest?

a)

$128,369.53

b)

$73,689.53

c)

$54,680

d)

$13,302,254.63