Simple and Compound Interest

Simple and Compound Interest

4 years ago

belguevara4

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- Question 1900 secondsQ. Find the total amount of interest to the nearest cent if the interest is compounded annually.

$2750 at 8% for 2 yearsanswer choices - Question 2900 secondsQ. The simple interest formula is I=Prt. What does the t represent?answer choices
- Question 3900 secondsQ. Starting money = $350.

Interest rate = 2.5%

TIme = 3 years.

How much interest?answer choices - Question 4900 secondsQ. The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.answer choices
- Question 5900 secondsQ. Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?answer choices
- Question 6900 secondsQ. Phyllis went to the mall and saw a massage chair that she would have to take a loan out for $6500 to purchase. The bank said that she could get a simple interest rate of 5% for 5 years. What is the total amount that Phyllis will pay for the chair?answer choices
- Question 7900 secondsQ. Find the principal for a loan that has an earned interest of $3500 with an annual rate of 10% for 5 years.answer choices
- Question 8900 secondsQ. I = Prt where r represents the rate. Rates must be converted into ____ before multiplying.answer choices
- Question 9900 secondsQ. Robert invested $200 in a retirement account that had a rate of 20% that compounds annually. If Robert leaves his money in for 3 years, how much money will be in his account rounded to the nearest cent?answer choices
- Question 10900 secondsQ. Mickey 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 4 years rounded to the nearest cent?answer choices
- Question 11900 secondsQ. Emily's parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded annually, what will be the total balance after 2 years?answer choices
- Question 12900 secondsQ. If the balance at the end of eight years on an investment of $630 that has been invested at a rate of 9%, how much was the interest?answer choices
- Question 13900 secondsQ. If the interest earned was $55.20 on an investment of $230 that has a rate of 3%, how long was the money invested?answer choices
- Question 14900 secondsQ. The Henley's took out a loan for $195,000 to purchase a home. At a 4.3% interest rate compounded annually, how much will the loan be after 5 years?answer choices
- Question 15900 secondsQ. Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded annually, how much total interest will she earn in 10 years?answer choices
- Question 16900 secondsQ. Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded annually, how much total interest will Riley earn in 15 years?answer choices
- Question 17900 secondsQ. Andrew borrows $79,500 for 2 years and earns $10,017 of simple interest. Calculate the interest rate?answer choices
- Question 18900 secondsQ. John wants to open a showroom and borrows $48,000 on 12% interest rate. He plans to pay this after 4 years. What will that total principal + interest payment be?answer choices
- Question 19900 secondsQ. Bruno was given $2000 when he turned 3 years old. His parents invested it at a 2% interest rate compounded annually. No deposits or withdrawls were made. Which expression can be used to determine how much money Bruno had in the account when he turned 16?answer choices
- Question 20900 secondsQ. Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what time period did Leroy borrow the money?answer choices

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