enrichment Simple and compound interest

Front

Rachel invested $2,700 in a savings account earning 7% simple interest for 2 years. How much money will she have in total?

Back

$3,078

Front

Simple interest on $4,500 at 5.5% per year for 24 months?

Back

$495

Front

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

Back

$270.75

Front

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

Back

$26.25

Front

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

Back

26.25

Front

Caiden deposited $475 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

You borrowed $59,000 for 2 years at 11% compounded annually. What is the total?

Back

$72,693.90

Front

You borrowed $1,690 for 5.5 years at an interest of 5.7%. How much is the total you pay?

Back

$2,292.45

Front

Expression to determine Krystal's money after 16 years with $3000 at 2% interest.

Back

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