Simple Interest
How much money is in the bank after 9 years if the principle amount is $2226 and has a 4% compound interest rate?
$3027.36
How much money is in the bank if $400 were invested for 5 years at a 5% interest rate?
$500
An investment is made by depositing $600 with an interest rate of 3.4% and is compounded continuously. How much money is in the bank after 11 years.
$872.12
Matt is saving for a new car. He invests $5000 into an account that pays 3% interest a year that is compounded monthly. How much will Matt have after 5 years?
$5808.08
Find the simple interest rate if the principal amount, P, is $7500 and is doubled in 50 years.
2%
Starting with a principle of $8800, determine the amount of money in the bank after 14 years from an account that is compounded quarterly at a yearly rate of 2.96 %.
$13298.16
An investment is made by depositing $4500 and is compounded continuously with an interest rate of 1.2%. How much money is in the bank after 5 years.
$4778.26
Brian lost a bet to Donald and now owes him 4% of his total wealth every year for the rest of his life. Before paying him anything, Brian has $785 in his checking account. Assuming that Brian never received any more money, how many years does it take for Brian to have exactly $0?
infinite amount / not possible
How much money was invested at 3.5 % annual simple interest for 4 years to earn $4182
$3368.42
A bank account contains $13996.72 after 5 years of being compounded monthly with an interest rate of 2.2 %. What was the principle amount?
$12540
An investment is made and results in $52,713.91 after 23 years being compounded continuously. If the interest rate was 1.2%, what was the principle amount?
$40000
Lindsey invests $1000 into an account with 4% per year continuously compounded interest. How long will it take for her investment to double?
17.3 years
For how many years does it take for $7250 to turn into $7900 on a 1.9% interest rate?
4.72 years
Starting with a principle of $19000, determine the amount of money added into the account after 3 years that is compounded semi-annually at a yearly rate of 1.6 %.
$930.43
$38000 is compounded continuously at an interest rate of 2.5%. How long does it take for the account to reach $45781.35?
7.45 years
Spencer and Gabriel both invest $5000 in an account that receives 3% interest annually for 10 years. Spencer invests in an account that is compounded monthly. Gabriel invests in an account that is compounded continuously. Who made the better investment?
Gabriel
If a bank account now holds $10499.30 after 6 years of paying a 2.7% tax interest rate, what was the principle amount in the bank?
$12529
Marie invests $50,000 into an index annuity that's averaging 8.4% per year compounded semi-annually. At this rate, how many years will it take for her account to reach $1,000,000?
36.4 years
If $1 million is desired in 30 years and $200000 is invested, what would be the desired interest rate?
5.4%
Jason invests his savings in two ways: Some goes into a corporate bond paying 14%, and $12000 more than three times as much goes into a municipal bond fund paying 3%. If his total annual interest from the two investments is $11860, how much is invested in each?
$50,000 for corporate bond and $62000 for municipal bond.