TEK 8.12D - Compound Interest

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12 questions

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TEK 8.12D

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8.33

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8.33

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8.33

Required

8.33

Required

8.33

Required

8.33

Required

8.33

Required

8.33

Required

8.33

Required

8.33

Required

8.33

Required

8.33

TEK 8.12D - Compound Interest

TEK 8.12D - Compound Interest

If you invest $500 in a savings account that has an annual interest rate of 4% compounded annually, what will the amount be after 3 years?

A $200 investment is compounded quarterly at an annual interest rate of 3% for 2 years, what will be the final amount?

You invest $1000 at a 5% annual interest rate compounded yearly. What will be the total amount after 1 year?

How much will $300 grow to after 5 years if it’s invested at a compounding annual interest rate of 10%?

Which statement best describes compound interest?

What is the key difference between simple and compound interest?

If you were investing a lump sum for a long period, which type of interest would be best for growth?

What happens to the amount of interest you earn each year with compound interest?

If you borrow $2,000 at an annual compound interest rate of 5%, how much will you owe after 5 years?

What will $3,000 grow to in two years with an annual compounding rate of 4%?

Jack deposits $500 in a bank with an annual interest rate of 3%, compounded annually. What will the total be after 3 years?

If the principal is $4000, compounded annually at a rate of 6% and the time is 3 years, what is the amount of interest?

If you invest $500 in a savings account that has an annual interest rate of 4% compounded annually, what will the amount be after 3 years?

A $200 investment is compounded quarterly at an annual interest rate of 3% for 2 years, what will be the final amount?

You invest $1000 at a 5% annual interest rate compounded yearly. What will be the total amount after 1 year?

How much will $300 grow to after 5 years if it’s invested at a compounding annual interest rate of 10%?

Which statement best describes compound interest?

What is the key difference between simple and compound interest?

If you were investing a lump sum for a long period, which type of interest would be best for growth?

What happens to the amount of interest you earn each year with compound interest?

If you borrow $2,000 at an annual compound interest rate of 5%, how much will you owe after 5 years?

What will $3,000 grow to in two years with an annual compounding rate of 4%?

Jack deposits $500 in a bank with an annual interest rate of 3%, compounded annually. What will the total be after 3 years?

If the principal is $4000, compounded annually at a rate of 6% and the time is 3 years, what is the amount of interest?