Unit 5 Lesson 17 Interest Practice

Mrs. Hawkins has $1000 with 24% annual interest. How much money will she have in 5 years... Do you divide the interest?

• Yes

• No

Ms. Sirovy has $1000 with a 24% annual interest that is compounded monthly. How much money will she have in 5 years... Do you divide the interest?

• Yes

• No

Mrs. Errigo has $1000 with 24% annual interest that is compounded semi-annually. How much money will she have in 5 years... Do you divide the interest?

• Yes

• No

Mrs. Kuziel has $1000 with 24% annual interest that is compounded quarterly. How much money will she have in 5 years... Do you divide the interest?

• Yes

• No

Mrs. Hofer has $700 and her interest rate is compounded semi-annually at 12% per year. How much money will she have in 3 years... Do you divide the interest?

• Yes

• No

Mr. Perion has $700 with 12% annual interest that is compounded quarterly. How much money will he have in 3 years... Do you divide the interest?

• Yes

• No

Mr. Staton has $700 with 12% annual interest. How much money will he have in 3 years... Do you divide the interest?

• Yes

• No

Mrs. Hawkins has $1000 with 24% annual interest. How much money will she have in 5 years?

• $1000\left(1+.24\right)^5$

• $1000\left(1+\frac{.24}{5}\right)^5$

Ms. Sirovy has $1000 with a 24% annual interest that is compounded monthly. How much money will she have in 5 years?

• $1000\left(1+\frac{.24}{12}\right)^{5\times12}$

• $1000\left(1+.24\right)^{5\times12}$
  

Mrs. Errigo has $1000 with 24% annual interest that is compounded semi-annually. How much money will she have in 5 years?

• $1000\left(1+\frac{.24}{2}\right)^{5\times2}$

• $1000\left(1+.24\right)^{5\times2}$