Simple and Compound Interest

Front

3-year investment of $20,000 with 5.2% interest compounded annually. What is the total return?

Back

$23,285.05

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

Find the compound interest:
Principal: $1735
Interest Rate: 0.8%
Time: 1 year

Back

$13.88

Front

What is the formula for simple interest?

Back

I=Prt

Front

Mr. Diable invested $3,500 in a 7 year CD that pays 4.2% interest compounded annually. How much interest will the CD earn over the 7 years?

Back

$1,168.12

Front

Formula for calculating compound interest?

Back

Front

Sue got an $8000 loan to buy a used car with a 16.8% interest rate for 60 months. How much did she end up paying for the car?

Back

$14720

Front

Mark got a 4-year simple interest loan for $1750, but he ended up having to pay back $2114. What was the interest rate?

Back

5.2%

Front

I deposited $46,875 into a simple interest account, and at the end of 1 year 8 months, the account had grown to $50,000. Find the rate of interest per year.

Back

4%

Front

Mr. Johnson borrowed $8000 for 4 years and repaid a total of $10,320. What was the interest rate?

Back

7.25%