WorksheetsCompound Interest
Total questions: 14
Worksheet time: 14mins
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?
$1,584.62
$2,651.39
$2,706.86
$1,825.10
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.
$15,415.94
$15,683.28
$15,927.56
$16,109.05
What will be his balance after 15 year?
$827.52
$831.10
$839.45
$846.80
Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually.
Which exponential equation can be used to find how much money Karla will earn in 15 years?
Which of the following exponential equations is the formula for compound interest?
A) A = P(1 + r/n)^(nt)
B) A = Pe^(rt)
C) A = P(1 + r)^t
D) A = P(1 - r/n)^(nt)
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, what exponential equation can be used to find how much she will pay after 8 years.
Caiden deposited $475 in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?
$827.52
$831.10
$839.45
$846.80
You borrowed $59,000 for 2 years at 11% which was compounded annually. What is the total?
$13,693.90
$1,363.90
$72,693.90
$73,793.90
Audrey deposited $2,800 in a
savings account that pays 2.65% interest compounded annually.
What is the total value of the account after 7 years?
$562.57
$3362.57
$14,514.15
$2,569,680
Steve deposited $5,000 in a savings account that pays 4% interest compounded annually. Which equation could be used to find the value of the account after 3 years?
A = 5,000(1 + 4)3
A = 5,000(1 + 0.04)3
A = 5,000(1 + 0.4) x 3
A = 5,000(0.04)3
Your 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?
$23,285.05
$3,285.05
$2,385
$32,285
You borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back?
$13,693.90
$1,363.90
$72,693.90
$73,793.90
Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?
$47,798.90
$87,798.90
$127,798
$7,798
Henry deposits $750 into a college savings account that is compounded annually when his parents received as a stimulus package. If Henry lets the money sit in the account without adding or removing any and receives a 8.5% interest rate, how much money will he have total after 5 years?
$1127.74
$1535.24
$2345.67
$850.76
