
Compound interest
Flashcard
•
Mathematics
•
11th Grade
•
Practice Problem
•
Hard
Wayground Content
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19 questions
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1.
FLASHCARD QUESTION
Front
Equation for $1,000 invested at 16% interest, compounded continuously, for five years? Options: ,
Back
2.
FLASHCARD QUESTION
Front
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
Back
$12,749.30
3.
FLASHCARD QUESTION
Front
Dash puts $4125 into an account using compounded continuously. If he keeps the money in the account for 5 years and now has a total of $4193.89. What is the correct equation to use?
Back
4.
FLASHCARD QUESTION
Front
Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, what is the correct equation to use to find out how much interest will she earn in 10 years?
Back
.
5.
FLASHCARD QUESTION
Front
Equation to find the value of a $5,000 savings account with 4% interest compounded annually after 3 years? Options: A = 5,000(1 + 4)3, A = 5,000(1 + 0.04)3, A = 5,000(1 + 0.4) x 3, A = 5,000(0.04)3
Back
A = 5,000(1 + 0.04)3
6.
FLASHCARD QUESTION
Front
Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, what would the correct n value for the equation set up be?
Back
2
7.
FLASHCARD QUESTION
Front
Olivia buys furniture on credit with 9.5% interest compounded quarterly. What is the correct r value for the equation?
Back
0.095
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