Simple and Compound?

Simple Interest

100

$34,000 at 4% for 3 years 

(Solve for the total amount)

$38,080.00

200

$210 at 8% for 7 years

(Solve for the total amount)

$327.60

300

$4,000 at 3% for 4 years

(Solve for the total amount)

$4,480.00

400

$20,600 at 8% for 2 years

(Solve for the total amount)

$23,896.00

500

$14,000 at 6% for 9 years

(Solve for the total amount)

$21,560.00

Compound Interest

100

$1,240 at 8% compounded annually for 2 years

$1,446.34

200

$1,030 at 4% compounded annually for 2 years

$1,114.05

300

$12,700 at 8.8% compounded annually for 1 year

$13,817.60

400

$28,600 at 7.9% compounded annually for 2 years

$33,297.29

500

$130 at 9.4% compounded for 2 years

$155.59

Vocabulary

100

Compound Interest

Interest calculated with both Initial Value and the Accumulated Interest

200

Simple Interest

Interest calculated by using Initial Value * Interest Rate * Time Period.

300

Interest Rate

The percentage of an amount that is charged during a Compound or Interest Transaction

400

Principal

$74,008.00

500

Loan

Money that is borrowed with an intention to pay it back.

Simple or Compound Interest

100

Find the amount of savings if $1,000 is deposited for three years at 8% annual interest, compounded annually.

$1,259.71

200

At the end of three years, what would the total be on $500 at 4.8% annual interest?

$572.00

300

Find the amount of savings if $1,000 is deposited for one year at 5% annual interest, compounded annually

$1,050.00

400

At the end of five years, what would the total be on $15000 at 4% annual interest, compounded annually

$18,000.00

500

At the end of ten years, what would the total be on $22,386 at 6.2% annual interest?

$36,365.32

Simple or Compound Interest

100

At the end of four years, what would the total interest be on $1,000 at 6% annual interest

$1,240.00

200

If you deposited $500 for four years at 6% annual interest, compounded annually, how much money would you have saved

$631.24

300

Find the amount if $17,500 is deposited for six years at 5% annual interest.

$22,750.00

400

At the end of two years, what would the total savings be on a principal of $500 at 4.6% annual interest, compounded annually

$547.06

500

If you deposited $500 for four years at 6% annual interest, compounded annually, how much money would you have saved

$631.24