แผ่นงานComparing Simple and Compound Interest
คำถามทั้งหมด: 13
Principal = $500
Interest Rate = 5%
Time = 5 years
What is the interest earned?
$95
$125
$105
$135
The simple interest formula is I=PRT. What does the T represent?
Principal
Time, in hours
Interest
Time, in years
Dan borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back IN TOTAL after 2 years?
$150
$1350
$192
$1392
When Lisa 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
$1,080
$20,960
$12,960
Find the balance in the account after the given period.
$12,000 principal earing 4.8% compounded annually after 7 years.
$3,243.19
$16,661.35
$15,243.19
$4,661.35
Find the balance in the account after the given period.
$3400 principal earning 3.6% compounded annually after 2 years
$3,420.43
$3,649.21
$3,675.39
$6,288.64
Your $54,200 2 year car loan is at 15.1% compounded annually. What will you have paid for your car after 2 years?
$62,693.15
$62,384.20
$71,804.21
$341,465.42
1) Nicolas will deposit $400 into Account 1, which earns 3.5% annual simple interest.
2) Nicolas will deposit $250 into Account 2, which earns 3¼% interest compounded annually.
Nicolas will not make any additional deposits or withdrawals. Which amount is closest to the total balance of these two accounts at the end of 2 years?
*The bank pays 6.5% interest compounded annually on this account.
*Mr. Wilkins makes no additional deposits or withdrawals.
Which amount is closest to the balance of the account at the end of 2 years?
แป้นคำตอบComparing Simple and Compound Interest
คำถามทั้งหมด: 13
$125
Time, in years
$1392
$12,960
$16,661.35
$3,649.21
$71,804.21
