Introduction to Compound Interest
Presentation
•
Mathematics
•
9th - 12th Grade
•
Hard
Joseph Anderson
FREE Resource
6 Slides • 4 Questions
1
2
3
4
5
6
Using the compound interest formula
7
Multiple Choice
Calculate the value of the following investments if interest is compounded monthly: $2000 at 6% p.a. for 2 years
$2254.32
$2005.75
$2123.36
$2100.00
8
Multiple Choice
Calculate the value of the following investments if interest is compounded monthly: $34 000 at 24% p.a. for 4 years
$87,960.39
$36,802.69
9
Multiple Choice
$33,299.42
$33,672.68
$34,157.04
$34,710.88
10
Multiple Choice
Emily’s parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded biannually, what will be the balance after 18 years?
$6,273.50
$6,314.08
$6,385.72
$6,427.94
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