Simple Interest
$34,000 at 4% for 3 years
What is $38,192.00?
$1,240 at 8% compounded annually for 2 years
What is $1,446.34?
The formula for simple interest?
What is I=PRT
Find the total amount if $1,000 is deposited for three years at 8% annual interest, compounded annually.
What is $1,259.71?
At the end of two years, how much interest would be on a principal of $1,000 at 6% annual interest, compounded annually?
What is $123.60
$210 at 8% for 7 years
What is $327.60?
$1,030 at 4% compounded annually for 2 years
What is $1,114.05?
What is the initial amount invested
At the end of one year, what would be the total on a principal of $500 at 4% annual interest, compounded annually?
What is $520.00?
If you deposited $500 for four years at 6% annual interest, compounded annually, how much interest would you earn?
What is $131.24?
$4,000 at 3% for 4 years
What is $4,480.00?
$12,700 at 8.8% compounded annually for 1 year
What is $13,817.60?
The compound interest formula?
What is A=P(1+r/n) ^nt
Find the total if $1,000 is deposited for one year at 5% annual interest, compounded annually.
What is $1,050?
Find the amount of interest if $1,000 is deposited for one year at 5% simple interest.
What is $50?
$20,600 at 8% for 2 years
What is $23,896.00?
$28,600 at 7.9% compounded annually for 2 years
What is $33,297.29?
What does the “n” stand for in the compound interest formula?
What is the compound periods
At the end of one year, what would the total be on a principal of $500 at 4% annual interest, compounded annually?
What is $520?
At the end of one year, what would be the interest on a principal of $500 at 4% simple interest.
What is $20?
$14,000 at 6% for 9 years
What is $21,560.00?
$130 at 9.4% compounded annually for 2 years
What is $155.59?
What is “APR” stand for?
At the end of two years, what would the total be on a principal of $1,000 at 6% annual interest, compounded annually?
What is $1,123.60?
If you deposited $500 for four years at 6% simple interest, what would the total be?
What is $620?