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3.5 Compound Interest

Quiz by Oscar Castro

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10 questions
Show answers
  • Q1
    Your 3 year investment of $20,000 received 5.2% interested compounded semi annually. What is your total return?
    $23,353.04
    $23,329.97
    $23,368.65
    $23,285.05
    30s
  • Q2
    You borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back?
    $73,444.88
    $72,693.90
    $73,300.45
    $73,090.65
    30s
  • Q3
    Your allowance of $190 got 11% compounded monthly for 1 2/3 years. What’s it worth after the 1 2/3 years (1.67 years)?
    $226.17
    $227.93
    $227.75
    $228.12
    30s
  • Q4
    Your 6 1/4 year (6.25 yrs) investment of $40,000 at 14% compounded quarterly is worth how much now?
    $90,722.56
    $94,529.80
    $94,995.28
    $95,470.25
    30s
  • Q5
    You borrowed $1,690 for 5 1/2 years a at 5.7% compounded semi annually. What total will you pay back?
    $2,307.16
    $2,310.55
    $2,302.15
    $2,292.45
    30s
  • Q6
    Your $440 gets 5.8% compounded annually for 8 years. What will your $440. be worth in 8 years?
    $695.18
    $697.46
    $699.00
    $690.78
    30s
  • Q7
    Your $54,200 2 year car loan is at 15.1% compounded annually. What will you have paid for your car after 2 years?
    $72,902.30
    $73,170.81
    $72,517.19
    $71,804.21
    30s
  • Q8
    You invest $55 at 10% compounded annually for 3 years. How much will your investment be worth in 3 years?
    $73.71
    $73.21
    $74.15
    $73.97
    30s
  • Q9
    Your 8 year loan of $12,200 is at 5.3% compounded annually. How much will you have paid in total for your loan?
    $18,441.10
    $18,624.96
    $18,590.52
    $18,539.72
    30s
  • Q10
    You invest $1,900 at 4% and it’s compounded semi annually for 3 years. How much will your $1,900 be worth in 3 years?
    $2,141.82
    $2,140.97
    $2,139.71
    $2,137.24
    30s

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