Simple and Compound Interest

Front

Samuel gets a loan of $4000 with an interest of 3.5% annually. After 6 years, how much does he owe in total?

Back

$4,840

Front

Jason put $250 into a savings account with 3.25% interest compounded monthly. How much will be in the savings account after 4 years?

Back

$284.66

Front

Interest accumulated after 8 years on a $525 deposit with 4% interest compounded annually?

Back

$718.50

Front

Account 1 has $150 with an annual interest rate of 4%. Account 2 has $120 with a compounding annual interest of 3.5%. Find the difference between the two accounts after 5 years.

Back

$37.48

Front

Take the interest rates from question 4. If you had $100 to deposit into an account, which would have more money after 5 years? 10 years?

Back

5 years: Account 1. 10 years: Account 2