# Precalculus: Sequences and Series Compound Interest

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### True or False? Compound interest is interest that is added to the principal before new interest earned is calculated.

True
False
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### True or False? Compounding period the intervals at which interest is calculated

True
False
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### What is the total amount owed at the end of 5th year when borrowing $10000 at an interest rate of 7.2% that is compounded annually?$14157.09
$15214.55$16789.59
$18457.02 Login to try these questions ### What is the total amount owed at the end of 3rd half-year when borrowing$10000 at an interest rate of 3.8% that is compounded semi-annually?

$14898.88$13487.55
$12458.40$10580.90
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### What is the total amount owed at the end of 4th quarter when borrowing $10000 at an interest rate of 6.8% that is compounded quarterly?$9988.45
$10697.54$11258.41
$13456.84 Login to try these questions ### What is the total amount owed at the end of 2th month when borrowing$10000 at an interest rate of 10.8% that is compounded monthly?

10180.81
$11159.11$13241.98
$15948.12 Login to try these questions ### Determine the total interest earned when investing$4000 at 3% per year that is compounded annually after 4 years

$489.84$502.04
$555.55$565.84
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### Determine the total interest earned when investing $15000 at 2.4% per year that is compounded quarterly after 5 years$1784.45
$1895.55$1906.39
$2048.89 Login to try these questions ### Determine the future value of your investment when you investing$7500 at 6% per year that is compounded monthly after 6 years

$8945.51$9564.12
$10002.56$10740.33
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### Determine the future value of your investment when you investing $850 at 3.65% per year that is compounded daily after 1 year$881.60
$945.45$1000.85
$1256.56 Login to try these questions ### Eric invests$10 000 at 7.2% interest a year that is compounded monthly. How long will it take for his investment to grow to $25000? about 12 years about 13 years about 14 years about 15 years Login to try these questions ### Stevie purchased a$1000 Bond that earns 5% a year that is compounded annually. Stevie can redeem the bond in 7 years. Determine the future value of the bond.

$1407.10$1589.85
$1989.45$2245.45
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• ## Precalculus Playlist

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