Simple Interest
Compound Interest
Definitions
Simple/Compound Interest
Pop Culture
100

How much interest is earned in a savings account with an initial deposit $34,000 at 4% simple interest rate for 3 years?

$4,080

100

What is the balance of a savings account with a deposit of $1,240 at 8% compounded annually for 2 years?

$1,446.34

100

Extra amount of money made out of an investment or a loan

Interest

100

Find the amount of interest earned on $1,000 deposited into a simple savings account for 3 years at 8%.

$240

100

This superhero gets his name from when he was bit by an arachnid

Spiderman

200

What is the total amount owed on a loan of $210 at 8% simple interest rate for 7 years?

$327.60

200

After 2 years, how much interest is earned on a loan of $1,030 at a 4% compound interest rate?

$84.05

200

"r" stands for?

interest rate

200

At the end of three years, what would the total amount owed to a bank be on a loan with a principal of $500 at 4% annual interest, compounded annually?

$562.43

200

This rappers real name is Marshall Bruce Mathers III

Eminem

300

What is the balance of a simple savings account with a deposit of $4,000 at 3% after 4 years?

$4,480.00

300

What is the final balance of a loan of $12,700 with a 8.8% compound interest rate after 5 years?

$19,361.91

300

The initial amount of money invested or borrowed

Principal

300

Find the amount of interest earned on a $1,000 loan over 4.5 years at 5% simple interest rate.

$225

300
Person with the MOST followers on TikTok

Charli D'Amelio

400

How much simple interest is earned after 2 years on a loan of $20,600 at 8%?

$3,296

400

How much interest is earned in a compound savings account with a rate of 7.9% over 4 years if you initially deposit $28,600?

$10,166.07

400

"t" stands for?

time (in years)

400

At the end of two years, what would the total balance of a savings account be on a principal of $500 at 4% simple interest?

$540

400

Portuguese soccer player who has played for Manchester United, Real Madrid, and Juventus.

Christiano Ronaldo

500

After 18 months, what is the total amount owed to the bank for a loan of $14,500 at 6% simple interest rate?

$15,805

500

How much interest is earned on a savings account with an initial $1,200 at a 9.4% compound interest rate after 30 months?

$302.19

500

Interest earned + Principal = ____?____

Total or Final Balance

500

At then end of two years, what would the interest be on a principal of $1,200 at a 6% compound interest rate?

$148.32

500

Lil Nas X's first song about cowboys

Old Town Road

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