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Simple Interest
Compound Interest
Compound Interest (different periods)
Simple/Compound Interest
Simple/Compound Interest
100
$34,000 at 4% for 3 years
What is $38,192.00?
100
$1,240 at 8% compounded annually for 2 years
What is $1,446.34?
100

$1,500 at 7% compounded bi-annually for 3 years

What is $1,843.88?

100

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

What is $1,259.71?

100
An investment earns $584.10 with an initial investment on $649. If the account is open for 6 years, what is the interest rate (assuming simple interst)

What is 15%

200
$210 at 8% for 7 years
What is $327.60?
200

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

What is $1,114.05?

200

$7,300 at 7% compounded bi-annually for 3 years

What is $8,973.56?

200

If a bank account earns $138.75 interest at the end of 5 years earning 5% simple interest. What was the initial investment?

What is $555.00?

200

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

What is $631.24?

300
$4,000 at 3% for 4 years
What is $4,480.00?
300

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

What is $13,817.60?

300

$18,000 at 9% compounded bi-annually for 6 years

What is $30,525.87?

300

Find the amount of savings if $1,000 is deposited for 20 years at 5% annual interest.

What is $2,653.30?

300

Find the amount of savings if $1,000 is deposited for 10 years at 5% annual interest, compounded annually.

What is $1,628.89?

400
$20,600 at 8% for 2 years
What is $23,896.00?
400

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

What is $33,297.29?

400

$55,000 at 16% compounded bi-annually for 2 years

What is $74,826.89?

400

At the end of one year, what would the total savings be on a principal of $500 at 4% annual interest, compounded annually?

What is $520?

400

Two bank accounts are open. both bank accounts start with $500 and have an interest rate of 7%. One bank account incurs simple interest and the other compound interest. If they are both open for 10 years, what is the value of both bank accounts after this period?

What is $983.58 & $850

500
$14,000 at 6% for 9 years
What is $21,560.00?
500

$130 at 9.4% compounded annually for 2 years

What is $155.59?

500
$21,000 at 13.6% compounded quarterly for 4 years
What is $35,854.85?
500

What is the interest rate on a simple interest account if:

P=500

n=3

I=180

What is 12%?

500

Two bank accounts are open. both bank accounts start with $850 and have an interest rate of 7.5%. One bank account incurs simple interest and the other compound interest. If they are both open for 5 years, what is the difference between the two bank accounts?

What is $901.53?