Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
FUHRMS: Compound Interest
Test Description: Practice calculating account balances by using the compound interest formula.
Instructions: Answer all questions to get your test result.
1) $7,300 at 7% compounded semiannually for 3 years
A
$9,973.50
B
$8,973.56
C
$7,300.00
D
$8,873.56
2) $1,030 at 4% compounded semiannually for 2 years
A
$1,214.81
B
$1,114.91
C
$2,114.91
D
$1,224.91
3) $18,000 at 9% compounded semiannually for 6 years
A
$30,525.87
B
$20,525.78
C
$27,720.00
D
$38,525.37
4) $1,500 at 7% compounded annually for 3 years
A
$1,737.56
B
$1,500.00
C
$1,815.00
D
$1,837.56
5) $1,240 at 8% compounded annually for 2 years
A
$1,438.40
B
$1,538.40
C
$1,446.34
D
$1,546.34
6) $55,000 at 16% compounded semiannually for 2 years
A
$55,000.00
B
$72,600.00
C
$74,826.89
D
$69,300.12
7) $28,600 at 7.9% compounded semiannually for 2 years
A
$35,854.85
B
$28,600.00
C
$32,393.66
D
$33,393.66
8) $21,000 at 13.6% compounded quarterly for 4 years
A
$35,854.85
B
$33,393.66
C
$36,854.50
D
$35,954.85
9) $12,700 at 8.8% compounded semiannually for 1 year
A
$18,342.20
B
$15,842.19
C
$13,842.19
D
$12,700.00
10) $130 at 9.4% compounded quarterly for 2 years
A
$158.44
B
$152.22
C
$154.44
D
$156.55
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?