A savings account earns 8% interest each year, If a person invests $100 and makes no further deposits or withdrawals, what is the balance in the account after 3 years?
Review Assessment U5

Quiz
•
Mathematics
•
9th - 11th Grade
•
Hard
Jorge Sanchez
Used 1+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
100(1+0.08)2
100(1+0.08)3
100(1+0.08)5
100(1-0.08)3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A savings account earns 6% interest each year, compounded annually (1 times a year). If a person invests $200 and makes no further deposits or withdrawals, what is the balance in the account after 3 years?
200(1+0.06/1)1x3
200(1+0.06/2)2x3
200(1+0.06/3)3x3
200(1+0.06/4)4x3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A savings account earns 7% interest each year, compounded semiannually(2 times a year). If a person invests $200 and makes no further deposits or withdrawals, what is the balance in the account after 3 years?
200(1+0.07/2)2x3
200(1+0.07/3)3x3
200(1+0.07/4)4x3
200(1+0.07/5)5x3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A savings account earns 9% interest each year, compounded monthly. If a person invests $200 and makes no further deposits or withdrawals, what is the balance in the account after 5 years?
200(1+0.09/2)2x5
200(1+0.09/12)12x5
200(1+0.09/4)4x5
200(1+0.09/5)5x5
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A savings account earns 4% interest each year, compounded annually. If a person invests $80 and makes no further deposits or withdrawals, what is the balance in the account after 7 years?
80(1+0.04/2)2x5
80(1+0.04/4)4x7
80(1+0.04/12)12x7
80(1+0.04/6)6x5
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A savings account earns 4% interest each year, compounded quarterly (4 times a year). If a person invests $70 and makes no further deposits or withdrawals, what is the balance in the account after 11 years?
70(1+0.04/2)2x11
70(1+0.04/6)6x11
70(1+0.04/5)5x11
70(1+0.04/4)4x11
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A savings account earns 20% interest each year, compounded 5 times a year. If a person invests $400 and makes no further deposits or withdrawals, what is the balance in the account after 9years?
400(1+0.2/4)4x9
400(1+0.2/5)5x9
400(1+0.04/6)6x9
400(1+0.2/7)7x9
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