Simple Interest
$1,500 at 7% compounded bi-annually for 3 years
What is $1,843.88?
Find the amount of savings if $1,000 is deposited for three years at 8% annual interest, compounded annually.
What is $1,259.71?
What is 15%
$1,030 at 4% compounded annually for 2 years
What is $1,114.05?
$7,300 at 7% compounded bi-annually for 3 years
What is $8,973.56?
If a bank account earns $138.75 interest at the end of 5 years earning 5% simple interest. What was the initial investment?
What is $555.00?
If you deposited $500 for four years at 6% annual interest, compounded annually, how much money would you have saved?
What is $631.24?
$12,700 at 8.8% compounded annually for 1 year
What is $13,817.60?
$18,000 at 9% compounded bi-annually for 6 years
What is $30,525.87?
Find the amount of savings if $1,000 is deposited for 20 years at 5% annual interest.
What is $2,653.30?
Find the amount of savings if $1,000 is deposited for 10 years at 5% annual interest, compounded annually.
What is $1,628.89?
$28,600 at 7.9% compounded annually for 2 years
What is $33,297.29?
$55,000 at 16% compounded bi-annually for 2 years
What is $74,826.89?
At the end of one year, what would the total savings be on a principal of $500 at 4% annual interest, compounded annually?
What is $520?
Two bank accounts are open. both bank accounts start with $500 and have an interest rate of 7%. One bank account incurs simple interest and the other compound interest. If they are both open for 10 years, what is the value of both bank accounts after this period?
What is $983.58 & $850
$130 at 9.4% compounded annually for 2 years
What is $155.59?
What is the interest rate on a simple interest account if:
P=500
n=3
I=180
What is 12%?
Two bank accounts are open. both bank accounts start with $850 and have an interest rate of 7.5%. One bank account incurs simple interest and the other compound interest. If they are both open for 5 years, what is the difference between the two bank accounts?
What is $901.53?