Caiden 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 years?
Compound Interest Practice

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•
Mathematics
•
9th - 12th Grade
•
Hard
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19 questions
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1.
FLASHCARD QUESTION
Front
Back
$831.10
2.
FLASHCARD QUESTION
Front
Emily’s parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semiannually, what will be the balance after 18 years?
Back
$6,427.94
3.
FLASHCARD QUESTION
Front
Loan amount: $25,690, Interest rate: 5.2% compounded monthly, Duration: 5 years. Total amount paid?
Back
$33,299.42
4.
FLASHCARD QUESTION
Front
Olivia buys furniture on credit with 9.5% interest compounded quarterly. She spent $7,400. How much will she have paid after 8 years? Options: $15,415.94, $15,683.28, $15,927.56, $16,349.72
Back
$15,683.28
5.
FLASHCARD QUESTION
Front
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
Back
$12,749.30
6.
FLASHCARD QUESTION
Front
Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Riley earn in 15 years?
Back
$2,706.86
7.
FLASHCARD QUESTION
Front
Treasure won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much total will she have in 10 years?
Back
$4005.09
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