2nd Quiz 9th Grade

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1. Semiannually is the same as  2 periods in a year.

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2nd Quiz 9th Grade - Quiz

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2. You invested $52,400 at 6% compounded annually for 5 years. What is your total return on this investment?

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3. Principal is the amount of money at the end of period.

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4. M = 1000 (1 + 0.05)3 = $1572.62.

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5. Your 2 year investment of $5,300 earns 2.9% and is compounded annually. What will your total return be?

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6. How much interest does a $318 investment earn at 9% over one year?

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7. Interest Rate: 1% each yearStarting Balance: $147Time Passed: 6 yearsHow much interest has accrued if we are using simple interest?

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8. Find the compound amount on the principal $20,000 borrowed at 6% compounded annually for 3 years.

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Semiannually is the same as  2 periods in a year.
You invested $52,400 at 6% compounded annually for 5 years. What is...
Principal is the amount of money at the end of period.
M = 1000 (1 + 0.05)3 = $1572.62.
Your 2 year investment of $5,300 earns 2.9% and is compounded...
How much interest does a $318 investment earn at 9% over one year?
Interest Rate: 1% each yearStarting Balance: $147Time Passed: 6...
Find the compound amount on the principal $20,000 borrowed at 6%...
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