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WorksheetsCompound Interest 7-1 and 7-2
Total questions: 9
Worksheet time: 32mins
Name
Class
Date
1.
Your 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?
a)
$23,285.05
b)
$3,285.05
c)
$2,385
d)
$32,285
2.
You borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back?
a)
$13,693.90
b)
$1,363.90
c)
$72,693.90
d)
$73,793.90
3.
Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?
a)
$47,798.90
b)
$87,798.90
c)
$127,798
d)
$7,798
4.
Your $440 gets 5.8% interest compounded annually for 8 years. What will your $440 be worth in 8 years?
a)
$250.78
b)
$690.78
c)
$1,130
d)
$940.78
5.
Jay'den 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?
a)
$827.52
b)
$831.10
c)
$839.45
d)
$846.80
6.
Which of the following functions shows an initial amount of $15 and an increase of 35% each year?
a)
y = 15(35)x
b)
y = 15(1.35)x
c)
y = 15(0.35)x
d)
y = 35(1.15)x
7.
James' 70 in. giant peach doubles in size every week. Write an expression that would represent how big the peach is after 5 weeks.
a)
70(2)35
b)
70(2)5
c)
2(70)5
d)
5(70)2
8.
The number of mosquitoes at the beginning of the summer was 4,000. The population of mosquitoes is expected to grow at a rate of 25% per yea. How many mosquitoes will there be after 4 years?
a)
9766 mosquitoes
b)
9006 mosquitoes
c)
9760 mosquitoes
d)
5433 mosquitoes
9.
The dance move featured in this gif is called:
a)
The Sprinkler
b)
The Kid n Play
c)
The Roger Rabbit
d)
The Running Man
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