by BlastRoom
Calculate compound interest and compare it with simple interest over time.
#us_grade_8_math

40 questions
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Andre leaves $1800.00 for 2 years in an account paying 5% compounded annually. How much interest is earned?
A $2800.00 deposit is left for 3 years at 5% compounded annually. What is the ending balance?
Leila deposits $2700.00 in an account paying 10% compounded annually, and the second year earns $297.00 of interest. How much interest does the third year earn?
A bank offers $700.00 at 10% for 3 years, either as simple interest or compounded annually. How much more interest does the compound plan pay?
A $5100.00 deposit earns 2% interest compounded annually for 2 years. How much interest does the deposit earn?
$4900.00 is invested at 10% compounded annually for 2 years. Find the interest earned, to the nearest cent.
Jamal opens a $1100.00 certificate paying 2% compounded annually. What is its value after 2 years, to the nearest cent?
Dev invests $4400.00 at 8% compounded annually. How much is in the account after 2 years?
Andre leaves $5300.00 for 2 years in an account paying 6% compounded annually. How much interest is earned?
A $700.00 deposit is left for 2 years at 6% compounded annually. What is the ending balance?
$3300.00 is invested at 10% compounded annually for 3 years. Find the interest earned, to the nearest cent.
A $4300.00 deposit is left for 2 years at 12% compounded annually. What is the ending balance?
Marisol deposits $1800.00 in an account paying 2% compounded annually, and the first year earns $36.00 of interest. How much interest does the second year earn?
Leila invests $5900.00 at 3% compounded annually. The interest in the first year is $177.00. Find the interest in the second year.
Over 2 years, $3500.00 earns 10% simple interest or 10% compounded annually. What is the difference in the interest?
A savings account holds $3300.00 and pays 4% compounded annually. What is it worth after 2 years?
A bank offers $5000.00 at 4% for 2 years, either as simple interest or compounded annually. How much more interest does the compound plan pay?
Over 2 years, $3000.00 earns 6% simple interest or 6% compounded annually. What is the difference in the interest?
Two accounts each hold $1800.00 at 3% for 2 years, one simple and one compounded annually. How much more interest does the compound account earn?
A $2300.00 deposit earns 8% interest compounded annually. Find the balance after 2 years, to the nearest cent.
Mei opens a $2900.00 certificate paying 8% compounded annually. What is its value after 2 years, to the nearest cent?
Marisol deposits $3000.00 in an account paying 4% interest compounded annually. What is the balance after 2 years?
A bank offers $4300.00 at 10% for 3 years, either as simple interest or compounded annually. How much more interest does the compound plan pay?
A bank offers $4900.00 at 2% for 2 years, either as simple interest or compounded annually. How much more interest does the compound plan pay?
Two accounts each hold $2800.00 at 2% for 2 years, one simple and one compounded annually. How much more interest does the compound account earn?
A $2500.00 deposit earns 12% interest compounded annually for 3 years. How much interest does the deposit earn?
Owen deposits $2000.00 at 5% compounded annually. How much interest has the account earned after 3 years?
$5600.00 is invested at 12% compounded annually for 2 years. Find the interest earned, to the nearest cent.
A savings account holds $1400.00 and pays 8% compounded annually. What is it worth after 2 years?
Andre can take 2% simple interest or 2% compounded annually on $5800.00 for 2 years. How much more does compounding earn?
Ines deposits $5100.00 in an account paying 10% interest compounded annually. What is the balance after 2 years?
Ines deposits $3800.00 in an account paying 12% compounded annually, and the first year earns $456.00 of interest. How much interest does the second year earn?
Sofia deposits $3300.00 at 8% compounded annually. How much interest has the account earned after 2 years?
A bank offers $4800.00 at 3% for 2 years, either as simple interest or compounded annually. How much more interest does the compound plan pay?
Ines invests $1600.00 at 10% compounded annually. The interest in the first year is $160.00. Find the interest in the second year.
Dev deposits $2700.00 in an account paying 2% compounded annually, and the first year earns $54.00 of interest. How much interest does the second year earn?
Dev deposits $1300.00 in an account paying 12% interest compounded annually. What is the balance after 2 years?
Marisol deposits $4400.00 in an account paying 6% compounded annually, and the first year earns $264.00 of interest. How much interest does the second year earn?
An account holds $5600.00 at 3% compounded annually and earned $168.00 of interest in the first year. How much interest does the second year add?
Owen leaves $3300.00 for 2 years in an account paying 2% compounded annually. How much interest is earned?
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20 questions