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WorksheetsInterest
Total questions: 10
Worksheet time: 27mins
Caiden earned RM475 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?
RM827.52
RM831.10
RM839.45
RM846.80
Your 3 year investment of RM20,000 received 5.2% interest compounded annually. What is your total return?
RM23,285.05
RM3,285.05
RM2,385
RM32,285
The Henley's took out a loan for RM195,000 to purchase a home. At a 4.3% interest rate compounded annually,how much interest will they have paid after 30 years?
RM689,546.99
RM429,305.61
RM471,259.24
RM494,546.99
Emily’s parents put RM1,500 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?
RM6,273.50
RM6,314.08
RM6,385.72
RM6,427.94
Quarterly means how many times a year?
4
12
52
365
Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 8 months.
$33.50
$40,000
$50
$400
When Loofa was born, her parents put $8,000 into a college fund account that earned 9% simple interest. Find the amount of interest earned after 18 years.
$720
$20,960
$1,080
$12,960
After 12 years, a deposit of $10,000 into your college account has earned $6,000 in interest payments. What simple interest rate did the account earn?
50%
5%
500%
7.5%
Beyonce went to the mall and saw a massage chair that she would have to take a loan out for RM6500 to purchase. The bank said that she could get a simple interest rate of 8% for 5 years. What is the total amount that Beyonce will pay for the chair?
RM2600
RM910
RM9100
RM260
