Simple and Compound Interest

Simple Interest

100

Calculate the INTEREST of $1,000 invested at 6% simple interest per year for 4 years.

$240

200

What will the INTEREST of a $2,500 loan be worth in 3 years if invested at 4% simple interest per year?

$300

300

If you invest $750 at 5% simple interest per year, how much will it be worth in 5 years?

$937.50

400

Find the FUTURE value of $1,500 invested at 7% simple interest per year for 6 years.

$2,130

500

What will the TOTAL balance of a banking account of $1,200 be worth in 8 years if invested at 3% simple interest per year?

 $1,488

Compound Interest

100

Calculate the future value of $1,000 invested at a 5% annual interest rate compounded annually for 3 years.

$1,157.63

200

What will $2,000 be worth in 5 years if invested at 6% interest compounded annually?

$2,676.45

300

Find the future value of $1,500 invested at 4% annual interest compounded annually for 4 years.

$1,755.79

400

If you invest $1,200 at 7% annual interest compounded annually, how much will it be worth in 3 years?

 $1,469.64

500

 Calculate the future value of $2,500 invested at a 3% annual interest rate compounded annually for 6 years.

$2,987.37