Compound Interest Formulas
Authored by Anthony Clark
Mathematics
12th Grade
CCSS covered
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
Your 5 year investment of $17,500 received 6.7% interest compounded annually. What is your total return?
$22,205.05
$6,702.50
$2,385
$24,202.50
Tags
CCSS.HSF-LE.A.1C
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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 year?
$827.52
$831.10
$839.45
$846.80
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Find the total amount in the account to the nearest cent if the interest is compounded annually.
$2750 at 8% for 2 years
$2200.00
$3207.60
$8910.00
$2750
Tags
CCSS.HSF-LE.A.1C
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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?
$1561.78
$1576.58
$1587.95
$1507.08
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You want to save $5,000 for future family vacation. If the bank pays 4.3% compounded monthly for 3 years, then how much will you need to invest to reach your vacation goal?
$307,042,791
$5,000
$3,250
$4,395.89
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Matt wants to have a total of $3000 at the end of 5 years. if invested at 4.8% interest compounded semiannually how much should he put in the account in order to have $3000 at the end of the 5 years?
$2473.04
$2366.58
$2067.95
$1902.18
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Your 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?
$23,285.05
$3,285.05
$2,385
$32,285
Tags
CCSS.HSF-LE.A.1C
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