20 questions
Hannah and Alex are 30 years old and want to retire at 65. They deposit $4,000 each year into an account that pays 3.4% interest, compounded annually. What is the account balance when Hannah and Alex retire?
$481,876.97
$360,729.25
$261,493
$405,671.89
Spongebob and Squidward want to retire when they are 65, but they are currently 20 years old. They deposit $3,000 each year in a savings account that earns 2.9% interest, compounded semiannually What will the balance be when they retire?
$359,860.39
$173,776.98
$180,980.18
$184,908.23
Jessica and Michael open an online savings account that has 3.6% annual interest rate, compounded monthly. If they deposit $1,200 every month, how much will be in the account after 10 years?
179,879.20
$180,950.70
$173,022.87
$172,035.65
If you deposit $1,000 at 4.3% interest, compounded continuously, what would your ending balance be to the nearest cent after 5 years?
$1,239.86
$1,239.80
$1,485
$1,021.34
If you deposit $1,500 at 4.9% interest, compounded continuously, what would your ending balance be to the nearest cent after 5 years?
$987.29
1,152.97
1,378.98
1,916.43
If you deposit $9,000 at 4.75% interest, compounded continuously, what would your ending balance be to the nearest cent after 3 years?
103,78.76
10,378.38
11,789.65
14,908.22
Find the interest earned on $50,000 deposited for 6 years at 4 1/8% interest, compounded continuously
$64,040.97
$12,769.07
$19,990.12
$14,020.72
Jenna opens a savings account deposited $600.00 as principal. The account earns 8% interest, compounded continuously. What is the balance after 1 year?
$605.24
$649.97
$1,022.68
$982.98
Alexa puts $600.00 into an account to use for school expenses. The account earns 4% interest, compounded continuously. How much will be in the account after 4 years?
704.09
714.52
911.15
704.11
Brooke opened a savings account and deposited $600.00. The account earns 5% interest, compounded continuously. If she wants to use the money to buy a new bicycle in 1 year, how much will she be able to spend on the bike?
698.33
622.36
630.76
662.23
Rick and Bonnie deposit $500.00 into a savings account which earns 10% interest compounded continuously. They want to use the money in the account to go on a trip in 3 years. How much will they be able to spend?
674.93
632.22
741.26
815.56
Dina opened a savings account and deposited $400.00 as principal. The account earns 12% interest, compounded continuously. What is the balance after 1 year?
451
456.32
311
412
Hilda and Maggie open an online savings account that has 3.9% annual interest rate, compounded monthly. If they deposit $1,600 every month, how much will be in the account after 15 years?
256,258.99
390,542.33
567,890.97
415,678.89
Jessie puts $900.00 into an account to use for emergencies. The account earns 6 1/4% interest, compounded continuously. How much will be in the account after 7 years?
1484.24
1,393.95
1,041.27
$952.86
Austin puts $600.00 into an account for a rainy day fund. The account earns 9 4/5% interest, compounded continuously. How much will be in the account after 10 years?
786.88
968.99
1,152.89
1,598.67
Delilah and Jacob are 30 years old and want to retire at 65. They deposit $9,000 each year into an account that pays 3.8% interest, compounded annually. What is the account balance when they retire?
698,768.93
636,865.84
789,417.17
715,908.09
Macy and Tom are 20 years old and want to retire at 70. They deposit $5,000 each year into an account that pays 3.7% interest, compounded monthly. What is the account balance when they retire?
8,662,287.12
6,526,136.15
5,125,369.19
7,259,255.44
Jeff opens a savings account deposited $1,000 as principal. The account earns 11% interest, compounded continuously. What is the balance after 5 year?
1,706.08
1890.99
1,793.44
1,733.25
Macy and Tom are 18 years old and want to retire at 65. They deposit $3,000 each year into an account that pays 3.8% interest, compounded monthly. What is the account balance when they retire?
6,225,009.98
4,688,272.62
7,589,659.03
3,226,259.44
Lydia puts $900.00 into an account for a rainy day fund. The account earns 6 2/5% interest, compounded continuously. How much will be in the account after 15 years?
1,890.88
2,904.55
2,281.06
3,015.99