Compound Interest

Quiz
•
Mathematics
•
8th - 10th Grade
•
Hard
Ben Passmore
Used 33+ times
FREE Resource
10 questions
Show all answers
1.
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2 mins • 2 pts
Sachin invested $6000 for 2 years at 5% per annum compound interest. How many dollars did he have after two years?
2.
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2 mins • 2 pts
$5000 is invested for 3 years at 4% per annum compound interest. How much money is there after 3 years?
3.
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2 mins • 2 pts
Liz bought a car for $12,500. The car depreciated in value by 10% each year. How much was the car worth after 4 years?
4.
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2 mins • 2 pts
Rajiv invested $20,000 at 7% per annum compound interest. After n years, the value of his investment had grown to $30,014.61. For how many years did he invest it?
5.
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2 mins • 2 pts
Emma invested $x for 2 years, at a rate of 4.6% per year compound interest. After 2 years, the amount of money was $30,088.19. How much money did she invest?
6.
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2 mins • 2 pts
Liam invested $6200 for 3 years in a savings account. He gets 2.5% compound interest for each year. How much money does he have after 3 years?
7.
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2 mins • 2 pts
Paul bought a new car for $15,000. After one year, its value depreciated by 23%. Each year after, its value depreciated by 18%. After 3 years, what is the new value of Paul's car?
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