What is the initial investment amount mentioned in the video?

Compounded vs Simple Interest Concepts

Interactive Video
•
Mathematics
•
9th - 12th Grade
•
Hard

Lucas Foster
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$10,000
$21,000
$50,000
$97,880
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the annual simple interest rate expressed in the formula?
As a decimal
As a fraction
As a whole number
As a percentage
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula used to calculate simple interest?
A = P(1 + r/n)^(nt)
A = P(1 + rt)
A = P(1 + r)
A = P + rt
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the balance after 20 years with simple interest?
$21,000
$100,000
$54,600
$97,880.10
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the number of compounds per year for the compounded interest calculation?
4
2
12
1
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula used to calculate compounded interest?
A = P(1 + r)
A = P(1 + r/n)^(nt)
A = P(1 + rt)
A = P + rt
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the balance after 20 years with compounded interest?
$100,000
$21,000
$54,600
$97,880.10
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