simple and compound interest

Front

Write the percent as a decimal: 4.3%

Back

.043

Front

How do you write 5% as a decimal?

Back

0.05

Front

Anne deposited $500 in an account that earns 6% simple annual interest. Shelly deposited $500 in an account that earns 6% annual interest compounded annually. They leave the money in the account for 4 years. What is the difference in their account balances?

Back

Shelly will have $11.24 more in her account than Anne has in her account.

Front

David invests $10,000 in a savings account that pays 3.5% simple interest. How much will be in the account after 7 years?

Back

$12,450

Front

Garrison deposited $500 in an account that earns 5% annual interest compounded annually. How much interest will the account earn after 4 years?

Back

$107.75

Front

Audrey deposited $2,800 in a savings account that pays 2.65% interest compounded annually. What is the total value of the account after 7 years?

Back

$3362.57

Front

Find the total amount in the account to the nearest cent if the interest is compounded annually. $2750 at 8% for 2 years

Back

$440

Front

Starting money = $350.
Interest rate = 2.5%
Time = 3 years.
How much interest?

Back

$26.25

Front

Paul deposits $4000 in a bank which pays a compound interest rate of 5% per year. How much will he have in 7 years?

Back

$5628.40

Front

Paul deposits $5000 in a bank which pays a compound interest rate of 4% per year. How much will he have in 6 years?

Back

$6326.60