Compound Interest Assignment

Front

Change 6.75% to a decimal.

Back

.0675

Front

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?

Back

$831.10

Front

$600 invested at 6% compounded annually for 7 years.

Back

$902.18

Front

6 year investment of $40,000 at 14% interest compounded annually is worth how much now?

Back

$87,798.90

Front

Borrowed $1,690 for 5 1/2 years at 5.7% interest compounded annually. How much extra was paid?

Back

$602.45

Front

$1,000 is invested at 16% interest, compounded continuously, for five years. What is the ending balance?

Back

$2,225.54

Front

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

Back

$12,749.30

Front

Loan amount: $195,000, Interest rate: 4.3% compounded annually, Duration: 30 years

Back

$689,546.99

Front

Jimmy invested $200 in a retirement account with a 20% annual compound interest rate. If he invests at age 24 and withdraws at age 64, how much will be in his account (rounded to the nearest dollar)?

Back

$293954

Front

Ashleigh put some money into an account paying 4.5% compounded continuously for 10 years. She now has $3567.91 in the account. How much money did she start the account with?

Back

$2275