Simple and Compound Interest

Front

Your 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?

Back

$23,285.05

Front

You borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back?

Back

$72,693.90

Front

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

Back

$87,798.90

Front

Semi-Annually means how many times a year?

Back

2

Front

Change 6.75% to a decimal.

Back

.0675

Front

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

Back

$2,706.86

Front

Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years?

Back

$15,683.28

Front

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

Back

$12,749.30

Front

Emily'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 3 years?

Back

$1,911.70

Front

What does the n stand for in this formula?

Back

The number of times compounded per year