If you invest $1,000 in a savings account with an annual interest rate of 5%, compounded annually, how much money will you have after 3 years?
Future Value and Interest Rate Comparison Quiz

Quiz
•
English, Mathematics
•
8th Grade
•
Hard
Anthony Clark
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1157.63
1200.00
1100.50
1050.75
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sarah has $2,000 to invest in a certificate of deposit (CD) that offers a 4% annual interest rate, compounded quarterly. What will be the total amount in her account after 5 years?
$2,440.38
$3,000.00
$2,000.00
$2,500.00
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John is comparing two savings accounts. Account A offers a 3% interest rate compounded annually, while Account B offers a 2.5% interest rate compounded monthly. If he invests $1,500 in each account for 4 years, which account will yield more money?
Account A
Account A with monthly compounding
Account B
Account A with 2% interest
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan of $5,000 is taken out at an interest rate of 6% compounded annually. How much will the total amount owed be after 2 years?
$5,800
$6,000
$5,300
5618.30
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Emily invests $800 in a mutual fund that has a 7% annual interest rate, compounded semi-annually. What will be the future value of her investment after 4 years?
1052.86
950.75
1200.50
900.00
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a bank offers a 5% interest rate compounded monthly, how much will $2,500 grow to after 3 years?
3100.00
2800.00
2904.00
2500.00
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mark wants to save for a new car and plans to invest $3,000 in a savings account with a 4.5% interest rate compounded annually. How much will he have after 6 years?
4200.50
4000.00
3500.00
3851.04
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