Financial Math: Compound Interest

Find the total amount after four years if the interest is compounded annually.

Principal = $6,250

Rate of Interest= 20% per year

Total Amount= ?

Round your answer to the nearest hundredth if needed.

You do not need to put a dollar sign next to your answer.

Mathematical Equivalence

ON

Find the total amount after five years if the interest is compounded semi-annually.

Principal = $6,000

Rate of Interest= 20% per year

Total Amount= ?

Round your answer to the nearest hundredth if needed.

You do not need to put a dollar sign next to your answer.

Mathematical Equivalence

ON

Find the total amount after five years if the interest is compounded quarterly.

Principal = $6,000

Rate of Interest= 8.5% per year

Total Amount= ?

Round your answer to the nearest hundredth if needed.

You do not need to put a dollar sign next to your answer.

Mathematical Equivalence

ON

Find the total amount after five years if the interest is compounded monthly.

Principal = $5,000

Rate of Interest= 8.5% per year

Total Amount= ?

Round your answer to the nearest hundredth if needed.

You do not need to put a dollar sign next to your answer.

Mathematical Equivalence

ON

• $3000

• p

• .045

• B

• 10

• n

• $4689.24

• r

• 4

• t