WP 12 Finance

Bank Balance

100

A student starts the month with $420 in their chequing account. They deposit $200 twice, withdraw $60 once, and the bank charges a $12 monthly fee.
What is the final balance?

$748

200

An account starts with $900. During the month there are 3 deposits of $150 and 2 withdrawals of $120. The bank charges a $15 monthly fee.
What is the ending balance?

$1095

300

Maya starts the month with $1,200. She deposits $300, $150, and $200. She withdraws $180 twice. Her bank charges a $10 monthly fee.
What is her final balance?

$1480

400

Jordan begins the month with $2,100. He deposits $250 four times and withdraws $175 three times. The bank charges a $15 monthly fee.
What is his final balance?

$2560

500

A bank account ends the month with $1,450 after 3 deposits of $200, 2 withdrawals of $150, and a $10 monthly fee.
What was the starting balance?

$1,160

Simple Interest

100

$3,000 is invested at 4% simple interest for 3 years.
Find the interest earned and final amount.

Interest = $360
Amount = $3,360

200

$5,000 is invested at 3.5% simple interest for 4 years.
Find the interest and final amount.

Interest = $700
Amount = $5,700

300

$7,500 is invested at 5% simple interest for 2 years.
Find the interest and final amount.

Interest = $750
Amount = $8,250

400

$9,000 is invested at 4.2% simple interest for 6 years.
Find the interest and final amount.

Interest = $2,268
Amount = $11,268

500

$12,000 is invested at 3.8% simple interest for 7 years.
Find the interest and final amount.

Interest = $3,192
Amount = $15,192

Simple Interest (Mixed Time)

100

Find the interest on $1,200 at 6% for 6 months.

$36

200

Find the interest on $2,500 at 5% for 120 days.

$41.10

300

Find the interest on $4,000 at 7% for 90 days.

$69.04

400

A credit card balance of $3,500 is charged 19% interest for 45 days.
How much interest is charged?

What is the total?

$82.01

$3582.01

500

A payday loan of $600 charges 1.2% per day for 22 days. Find the Interest and Total

Interest = $158.40
Total = $758.40

Compound Interest

100

$2,000 is invested at 4% compounded annually for 3 years.
Find the final amount.

$2,249.73

200

$3,500 is invested at 5% compounded annually for 4 years.

$4,255.46

300

$5,000 is invested at 4.5% compounded annually for 5 years.

$6,231.10

400

$8,000 is invested at 5.2% compounded semi-annually for 6 years.

$10,918.94

500

$10,000 is invested at 4.8% compounded quarterly for 7 years.

$13,958.93