Calculate the compound interest of the following situation: $34,100 at 3% annually for 3 years
$37261.99
Oops!
Check
Okay!
Check
boom
Lose 50 points!
Oops!
gift
Win 15 points!
Okay!
shark
Other team loses 10 points!
Okay!
baam
Lose 5 points!
Oops!
20
Find the total amount in the account to the nearest cent if the interest is compounded annually. $2750 at 8% for 2 years.
$3207.60
Oops!
Check
Okay!
Check
20
Drake puts $300 into an account to use for school expenses. The account earns 4% interest, compounded annually. How much interest will he earn after 2 years?
$24.48
Oops!
Check
Okay!
Check
20
Julian and Lisa deposit $4,557.00 into a savings account which earns 3.8% interest compounded quarterly. They want to use the money in the account to go on a trip in 2 years. How much will they be able to spend?
$4915.07
Oops!
Check
Okay!
Check
15
What does P stand for?
Principal (beginning amount)
Oops!
Check
Okay!
Check
banana
Go to last place!
Oops!
rocket
Go to first place!
Okay!
rocket
Go to first place!
Okay!
thief
Give points!
5
10
15
20
25
20
Ms. Perez wants to invest $30,000 into an account that compounds annually. The interest rate at this bank is 2.8%. How much money will be in the account after 3 years?
$32591.22
Oops!
Check
Okay!
Check
25
Todd puts $8,258.00 into an account to use for school expenses. The account earns 14.55% interest, compounded quarterly. How much will be in the account after 10 years?
$34478.79
Oops!
Check
Okay!
Check
20
Marvin puts $500.00 into an account to use for school expenses. The account earns 1% interest, compounded annually. How much will be in the account after 6 years?
$530.76
Oops!
Check
Okay!
Check
baam
Lose 20 points!
Oops!
shark
Other team loses 25 points!
Okay!
shark
Other team loses 20 points!
Okay!
baam
Lose 20 points!
Oops!
20
Drake puts $300 into an account to use for school expenses. The account earns 4% interest, compounded monthly. How much money will he have after 3 years?
$338.18
Oops!
Check
Okay!
Check
20
Calculate the compound interest of the following situation: $43,800 at 4.8% for 2 years