Simple Interest
What is the simple interest for $34,000 at 4% for 3 years?
$4,080.00
What is the total balance with a principal of $1,240 at 8% compounded annually for 2 years?
$1,446.34
What is the total balance with a principal of $1,500 at 7% compounded annually for 3 years?
$1,837.56
Find the amount of savings if $1,000 is deposited for three years at 8% annual interest, compounded annually.
$1,259.71
If $4000 was invested with a 7% rate, after 3 years, how much more would you have made if the interest was compounded annually, rather than being simple interest?
simple interest: $840 made,
Compound interest: $4,900.17 made,
Difference is $4,060.17
What is the simple interest for $210 at 8% for 7 years
$117.60
What is the future value of an account with a principal of $1,030 at 4% compounded annually for 2 years?
$1,114.05
What is the total balance with a principal of $7,300 at 7% compounded annually for 3 years?
$8,942.81
At the end of one year, what would be the simple interest on a principal of $500 at 4% interest rate ?
$20.00
If $10,000 was invested with a 3% rate, after 10 years, how much more would you have made if the interest was compounded annually, rather than being simple interest?
Simple interest: $3,000 made,
Compound interest: $13,439.16 made,
Difference: $10,439.16
What is the total balance for $4,000 at 3% for 4 years
$4,480.00
What is the total balance with a principal of $12,700 at 8.8% compounded annually for 1 year?
$13,817.60
What is the total balance of an $18,000 deposit at 9% compounded annually for 6 years
$30,187.80
Find the amount of savings if $1,000 is deposited at 5% annual interest, compounded annually after 2 years
$1,102.50
If $8000 was invested with a 5.4% rate, after 8 years, how much more would you have made if the interest was compounded annually, rather than being simple interest?
Simple: $3,456 made,
Compound: $12,184.70 made,
Difference: $8,728.70
What is the total balance for $20,600 at 8% for 24 months?
$23,896.00
Anjali invests a $3,610 in a retirement account with a fixed annual interest rate of 6.79% compounded annually. What will the amount of interest be after 20 years?
$13,431.33.
Huong invests $8,589 in a retirement account with a fixed interest rate of 7% compounded annually. What will the account balance be after 13 years?
$20,698.15
At the end of one year, what would the total savings be on a principal of $500 at 4% annual interest, compounded annually?
$520
If $6000 has been invested for 10 years,
Bank A offers a simple interest rate of 6%,
Bank B offers a annually, compound interest rate of 5%
Which bank will make you more money?
Bank A: $3,600 made,
Bank B: $9,773.37 mode,
Bank B is better
What is the total balance for $14,000 at 6% for 108 months
$21,560.00
Brenda invests $4,848 in a savings account with a fixed annual interest rate of 5% compounded annually. How much interest will the account accumulate after 6 years?
$1,648.78
What is the interest of a $21,000 deposit at 13.6% compounded annually for 4 years?
$34,972.98
At the end of two years, what would the extra money be on a principal of $1,000 at 6% rate, compounded annually?
$123.60?
If $13700 has been invested for 8 years,
Bank A offers a simple interest rate of 6.8%,
Bank B offers an annually, compound interest rate of 5.6%
Which bank will make you more money, and how much more?
Bank A: $7,452.8 made,
Bank B: $21,185.17 made,
Bank B makes you $13,732.37 more than Bank A