SIMPLE, COMPOUND, AND CONTINUOUSLY COMPOUND INTEREST

Front

Riley invested $1,000 in savings bonds with 6.75% interest compounded semi-annually for 15 years. How much total will Riley earn?

Back

$2,706.86

Front

Heather invested $8,000 in a 4-year Certificate of Deposit (CD) that pays 4.1% interest compounded annually. What is the value of the CD at the end of the 4 years?

Back

$9,394.92

Front

Zach's parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semi-annually, what will be the balance after 18 years?

Back

$6,427.94

Front

Approximately what interest rate would be needed to grow an investment of $1400 to $2500 in 10 years with compound monthly interest?

Back

5.81%

Front

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

Back

$800

Front

Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 8 months.

Back

$33.50

Front

Find the simple interest paid on a loan of $4,750 at a rate of 19.5% for 30 months.

Back

$2315.63

Front

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

Back

$2,225.54

Front

Invest $5,000 at 6% interest compounded continuously to reach $8,000. How many years?

Back

7.83 years

Front

Future value of an annuity of $3000 per year for 6 years at 4% p.a. compounded annually.

Back

$19 899