Compound Interest

Front

Principal

Back

The money originally invested or loaned

Front

12% written as a decimal is...

Back

0.12

Front

What does the "t" represent in the interest formulas? Options: Time in months, Time in years, Time in days

Back

Time in years

Front

Maya 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 INTEREST (PROFIT) will she earn in 10 years?

Back

$1,005.09

Front

5 year investment of $17,500 at 6.7% interest compounded annually. What is the total return?

Back

$24,202.50

Front

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 years?

Back

$831.10

Front

How much money should I save in an account with interest rate 4% compounded quarterly if I want to have $4500 in my account in 5 years?

Back

$3687.95

Front

Find the total amount in the account to the nearest cent if the interest is compounded annually. $2750 at 8% for 2 years

Back

$3207.60

Front

A necklace is appraised at $1750. If the value of the necklace increased at a quarterly rate of 3%, how much was it worth 5 years ago?

Back

$1507.08

Front

You want to save $5,000 for future family vacation. If the bank pays 4.3% compounded monthly for 3 years, how much will you need to invest?

Back

$4,395.89