Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Compound Interest Balance

Total questions: 20

Worksheet time: 20mins

Name
Class
Date
1.

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

a)

$1,584.62

b)

$2,651.39

c)

$2,706.86

d)

$1,825.10

2.

Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.

a)

$2794.10

b)

$2738.11

c)

$2774.98

d)

$2807.11

3.

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

a)

$12712.31

b)

$12,749.30

c)

$12,657.59

d)

$12550.84

4.

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

5.

Compound Interest

a)
b)
c)
d)
6.
a)

A / F

b)

B / G

c)

C / H

d)

D / J

7.

View question in the picture then select the best answer

a)

A

b)

B

c)

C

d)

D

8.

Courtney saved up $2,200 working as a waitress over the summer. She put this money into a bank account that earned 5.2% interest and is compounded daily. How much will she have in her account at the end of 4 years?

a)

$2201.25

b)

$2694.55

c)

$2707.45

d)

$2708.63

9.

Emily 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.

a)

$15,415.94

b)

$15,683.28

c)

$15,927.56

d)

$16,109.05

10.

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

a)

$412,749.79

b)

$529.305.61

c)

$689,546.99

d)

$640,891.53

11.

Find the balance in the account after the given period.

$12,000 principal earing 4.8% compounded annually after 7 years.

a)

$3,243.19

b)

$16,661.35

c)

$15,243.19

d)

$4,661.35

12.

Find the balance in the account after the given period.

$5000 deposit earning 1.5% compounded quarterly after 3 years

a)

$5,229.70

b)

$7,604.38

c)

$7,777.27

d)

$5,538.86

13.

Find the balance in the account after the given period.

$13,500 deposit earning 3.3% compounded monthly after 1 year

a)

$13,611.38

b)

$14,898.84

c)

$13,537.13

d)

$13, 952.30

14.

Find the balance in the account after the given period.

$3400 principal earning 3.6% compounded annually after 2 years

a)

$3,420.43

b)

$3,649.21

c)

$3,675.39

d)

$6,288.64

15.

Your 6 year investment of $40,000 at 14% compounded quarterly is worth how much now?

a)

$928,488.27

b)

$49,170.21

c)

$91,333.14

d)

$51,333.14

16.

Will deposits $1650 for three years at 3% interest, compounded daily. What is his ending balance?

a)

$1,700.25

b)

$4,056.85

c)

$2,103.87

d)

$1,805.38

17.

Avery deposits $8000 in a one year CD at 3.2% interest, compounded daily. What is Avery's ending balance?

a)

$8,528.72

b)

$8,000.70

c)

$8,256.00

d)

$8,260.13

18.

Jamere deposits $2350 in an account that earns interest at a rate of 3.1%, compounded monthly. What is his ending balance after five years?

a)

$2743.98

b)

$2,743.45

c)

$2,362.01

d)

$10,856.16

19.

Gabby deposits $800 at 3.87% interest, compounded quarterly. What is her ending balance after one year?

a)

$1,157.50

b)

$831.41

c)

$807.74

d)

$931.22

20.

How much would Zion earn on a deposit of $10,000 one year at 5.12% compounded daily?

a)

$512.00

b)

$525.30

c)

$10,523.30

d)

$10,512.00