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. Final amount includes BOTH principal and interest.

200

Simple Interest

Interest calculated by using principal, rate and time. Final amount is interest only.

300

Interest Rate

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

400

Investment

the act of allocating money, time, or resources into assets—such as stocks, bonds, or real estate—with the expectation of generating income or an increase in value over time.

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