Mathematics
Grade 8
15 min
Compound interest
Compound interest
Tutorial Preview
1
You invest $100 at 10% interest compounded annually for 2 years. What is the total?
2
You invest $500 at 5% interest compounded annually for 3 years. What is the total?
3
You invest $1000 at 8% interest compounded semi-annually for 1 year. What is the total?
Sample Practice Questions
Easy
You invest $200 at 10% interest compounded annually for 2 years. What is the total?
0.$220
1.$240
2.$242
3.$222
Easy
You invest $300 at 5% interest compounded annually for 2 years. What is the total?
0.$330.75
1.$330
2.$315
3.$325.50
Easy
You invest $1000 at 2% interest compounded annually for 2 years. What is the total?
0.$1040
1.$1040.40
2.$1020
3.$1044
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