Compound Interest Calculation

2. 4. Find the compound interest on $2000 at an interest rate of 5% per annum compounded annually for 3 years. [Yellow]

Calculate the compound interest on $7000 at 8% per annum for 2 years compounded annually.

Calculate the compound interest on $5000 at an interest rate of 5% per annum for 3 years.

If you invest $1000 at an interest rate of 8% compounded annually, what will be the total amount after 5 years?

Andy's grandparents opened an account with $12,000 earning 6% interest compounded monthly. How much will the account be worth 20 years later?

Round to the nearest cent(2 decimal places)

$ ___________

If you invest $300 at 6% compounded monthly, how much money do you have after 4 years?

If I borrow $500 from a payday lender, and the interest is compounded monthly at an annual rate of 24%, how much money would I owe after one year? (Please use reasoning to eliminate impossible and unlikely answers)

If you invest $250 into a savings account your freshman year of highschool, with an annual interest rate of 6% compounded continuously, how much will be in the account when you graduate (exactly 4 years later)? Round to the nearest cent.

$12,000 principal earing 4.8% interest compounded monthly after 7 years. Round your answer to the nearest cent.