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- 1. Multiple ChoiceChange 6.75% to a decimal.67.5.675675.0675
- 2. Multiple ChoiceCaiden 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 year?$827.52$831.10$839.45$846.80
- 3. Multiple ChoiceFind the following Balance:
$600 invested at 6% compounded annually for 7 years.$2273.04$1080.57$1057.95$902.18 - 4. Multiple ChoiceYour 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?$47,798.90$87,798.90$127,798$7,798
- 5. Multiple ChoiceYou borrowed $1,690 for 5 1/2 years at an interest of 5.7% compounded annually. How much extra did you pay by taking out the loan?$602.45$2,292.45$1,87.55$3,982.45
- 6. Multiple ChoiceIf $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?$1,225,54$2,225.54$22,255.40$225.54
- 7. Multiple ChoicePrincipal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.$12712.31$12,749.30$12,657.59$12550.84 - 8. Multiple ChoiceThe Arnold's took out a loan for $195,000 to purchase a home. At 4.3% interest rate compounded annually, how much will they have paid after 30 years?$412,749.79$529.305.61$689,546.99$640,891.53
- 9. Multiple ChoiceJimmy invested $200 in a retirement account that had a rate of 20% that compounds annually. If Jimmy leaves his money puts the money in when he is 24 and takes it out when he is 64, how much money will be in his account rounded to the nearest dollar?$29395$293954.31$293954
- 10. Multiple Choice
Ashleigh put some money into an account paying 4.5% compounded continuously for 10 years. She now has $3567.91 in the account. How much money did she start the account with?
$2275
$2725
$2572
$3275
- 11. Multiple Choice
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 interest rate?
0.033%
0.025%
0.053%
0.052%
- 12. Multiple Choice
Chelsea put $7500 into an account paying 5% compounded continuously. She now has $10,643.01. How long has the money been in the account?
7 years
6 years
5 years
4 years
- 13. Multiple Choice
Damara invests $3500 at 2% compounded continuously for 5 years. How much will she have in her account after 5 years?
$3868.10
$3886.10
$3688.10
$3286.10
- 14. Multiple Choice
How long will it take $3000 to double if it is invested in an account that pays 3% compounded continuously?
23.1 years
22.1 years
21.1 years
20.1 years
- 15. Multiple Choice
Abhasra invests $8,911 in a retirement account with a fixed annual interest rate of 7.71% compounded continuously. What will the account balance be after 20 years?
$41,649.38
$51,649.38
$61,649.38
$71,649.38
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