Simple Interest
What is the simple interest for $34,000 at 4% for 3 years
$4,080.00
What is the total balance with a principal of $1,240 at 8% compounded annually for 2 years?
$1,446.34
What is the total balance with a principal of $1,500 at 7% compounded annually for 3 years?
$1,837.56
Find the amount of savings if $1,000 is deposited for three years at 8% annual interest, compounded annually.
$1,259.71
If $4000 was invested with a 7% rate, after 3 years, how much more would you have made if the interest was compounded monthly, rather than being simple interest?
simple interest: $840 made,
Compound interest: $931.70 made,
Difference is $91.70
What is the simple interest for $210 at 8% for 7 years
$117.60
What is the total balance with a principal of $1,030 at 4% compounded annually for 2 years?
$1,114.05
What is the total balance with a principal of $7,300 at 7% compounded annually for 3 years?
$8,942.81
At the end of one year, what would be the simple interest on a principal of $500 at 4% interest rate ?
$20.00
If $10,000 was invested with a 3% rate, after 10 years, how much more would you have made if the interest was compounded daily, rather than being simple interest?
note: 365 days in a year
Simple interest: $3,000 made,
Compound interest: $3,498.42 made,
Difference: $498.42
What is the total balance for $4,000 at 3% for 4 years
$4,480.00
What is the total balance with a principal of $12,700 at 8.8% compounded annually for 1 year?
$13,817.60
What is the total balance of an $18,000 deposit at 9% compounded annually for 6 years
$30,187.80
Find the amount of savings if $1,000 is deposited at 5% annual interest, compounded every six months after 2 years
$1,103.81
If $8000 was invested with a 5.4% rate, after 8 years, how much more would you have made if the interest was compounded bi-weekly, rather than being simple interest?
Simple: $3,456 made,
Compound: $4,317.16 made,
Difference: $861.16
What is the total balance for $20,600 at 8% for 24 months?
$23,896.00
Jasmine deposits $520 into a savings account that has a 3.5% interest rate compounded monthly. What will be the balance of Jasmine’s savings account after two years?
An investment earns 3% each year and is compounded monthly. Calculate the total value after 6 years from an initial investment of $5,000.
$5,984.74
At the end of one year, what would the total savings be on a principal of $500 at 4% annual interest, compounded daily?
note: one year, in this case, is 365 days
$520.40
If $6000 has been invested for 10 years,
Bank A offers a simple interest rate of 6%,
Bank B offers a monthly, compound interest rate of 5%
Which bank will make you more money?
Bank A: $3,600 made,
Bank B: $3,882.06 mode,
Bank B is better
What is the total balance for $14,000 at 6% for 108 months
$21,560.00
Lex has $1,780.80 in his savings account that he opened 6 years ago. His account has an annual interest rate of 6.8% compounded annually. How much money did Lex use to open his savings account?
$1200
What is the interest of a $21,000 deposit at 13.6% compounded bi-weekly for 4 years?
$15,129.32
At then end of two years, what would the interest be on a principal of $1,000 at 6% rate, compounded weekly?
$127.42?
If $13700 has been invested for 8 years,
Bank A offers a simple interest rate of 6.8%,
Bank B offers a weekly, compound interest rate of 5.6%
Which bank will make you more money, and how much more?
Bank A: $7,452.80 made,
Bank B: $7,737.78 made,
Bank B makes you $284.98 more than Bank A