Compound Interest Formula

Convert 0.67 to a percent

• .67%

• 67%

• 6.7%

• 670%

Semi-annual means

• Twice a year

• 4 times a year

• 6 times a year

• 12 times a year

The n in the compound interest formula stands for

• interest rate

• initial amount

• The number of times compounded per year

• Number of years compounded

Convert 2.49 to a percent

• .00249

• 24.9%

• 249%

• 2.49%

If your money is compounded quarterly, what value do you use for n?

• 6

• .25

• 25

• 4

If the amount of money deposited into the account is $5,000. Then which variable equals 5,000?

• P

• A

• r

• t

An investment is compounded weekly for 4 years. Which values are correct?

• n=4, t=52

• n= 52, t=4

• n=7 , t=4

• n=4, t=48

Y=6(2.7)^4 is an exponential

• Growth

• Decay

55% is written as___ as a decimal.

• 55

• 0.055

• 5.5

• 0.55

Compounded annually means n is

• 2

• 6

• 1

• 12