Compound Interest Word Problems

• A

• B

• C

• D

• F

• G

• H

• J

• F

• G

• H

• J

• F

• G

• H

• J

A sum of money doubles in 8 years when compounded annually. What is the annual interest rate?

• 9%

• 8.75%

• 9.25%

• 8.5%

If $1000 is invested at a compound interest rate of 4% per year, compounded annually, how much will the investment be worth after 2 years?

If $2000 is invested at a compound interest rate of 4% per year, compounded quarterly, how much will the investment be worth after 2 years?

A $2000 investment with an annual interest rate of 3% compounded monthly will amount to how much after 4 years?

If you invest $2500 at an annual interest rate of 4% compounded semi-annually, how much will the investment be worth after 10 years?

A sum of $5000 is invested at an annual interest rate of 4% compounded quarterly. How much will the investment be worth after 5 years?