Caiden 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 15 years?
$827.52 (Mr. Williams)
$831.10 (Mrs. Hoch)
$839.45 (Mr. Krajunus)
$846.80 (Ms. Palombo)
2. Multiple Choice
30 seconds
1 pt
Emily’s parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semiannually,what will be the balance after 18 years?
$6,273.50 frustrated
$6,314.08 bewildered
$6,385.72 pleased
$6,427.94 tickled pink
3. Multiple Choice
1.5 minutes
1 pt
Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded monthly, how much total will he have paid after 5 years?
$33,299.42 playing dodgeball
$33,672.68 climbing trees
$34,157.04 riding unicycles
$34,710.88 flipping pancakes
4. Multiple Choice
1.5 minutes
1 pt
Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years?
$15,415.94 LeBron James
$15,683.28 Chase Utley
$15,927.56 Serena Williams
$16,349.72 Tom Brady
5. Multiple Choice
1.5 minutes
1 pt
The Henley's took out a loan for $195,000 to purchase a home. At a 4.3% interest rate compounded annually,how much interest will they have paid after 30 years?
$412,749.79 Labor Day
$429,305.61 the 4th of July
$471,259.24 Groundhog Day
$494,546.99 Valentine’s Day
6. Multiple Choice
1.5 minutes
1 pt
Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much interest will she earn in 10 years?
$915.59 Rome
$933.28 Sydney
$979.81 Dublin
$1,005.09 Paris
7. Multiple Choice
1.5 minutes
1 pt
Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually,how much interest will Riley earn in 15 years?
$1,584.62 the train station
$1,651.39 the movie theater
$1,706.86 the art museum
$1,893.45 the bakery
8. Multiple Choice
1.5 minutes
1 pt
Town Bank offers a 2.25% interest rate, while Charter One offers 2.8%. Both banks compound interest annually. If Rob wants to set up a new account with $5,000,how much more money will he earn at Charter One over Town Bank after 25 years?
$1,183.41 fairy wings
$1,209.79 space suits
$1,251.63 bubble wrap
$1,324.10 hula skirts
9. Multiple Choice
1.5 minutes
1 pt
Twelve years ago, Claire put $1,800 in an account that pays an interest rate of 2.5% compounded semiannually.She now plans to take the money in that account and invest it in another account that earns 4% interest compounded monthly. How much money will be in this new account after 7 years?
$3,207.40 eating ice cream
$3,348.96 chewing gum
$3,574.15 telling math jokes
$3,733.62 tap dancing
10. Multiple Choice
1.5 minutes
1 pt
Shawn is buying a new Jet Ski for $12,500. He is considering two credit options. Option A offers a 6 year loan with 8.5% interest compounded quarterly, while Option B offers a 5 year loan with 10% interest compounded annually. Which is the better option and how much will he save?