Compound Interest Calculation

Tell me the story:

• Invested 50000 for 12 years at 31%

• Invested 50000 for 10 years compounded monthly at 3.1%.

• Invested 50000 for 3.1% simple interest

• Invest 50000 compounded continuously for 10 years.

• $128,660
• $166,280
• $175,335
• $250,354

What is the compound interest on $4000 at 6% per annum for 4 years compounded annually?

• $1049.01

• $980.50

• $1050.75

• $950.25

If you deposit $2000 in a savings account with an interest rate of 4% compounded annually, what will be the total amount after 6 years?

• $2530.64

• $2500.00

• $2800.00

• $3000.00

Calculate the Total amount on $6000 at 7% per annum for 3 years compounded annually.

• $6000 * (1 + 0.07)^4 = $6000 * 1.310796 = $7864.78

• $6000 * (1 + 0.07)^2 = $6000 * 1.1449 = $6869.40

• $6000 * (1 + 0.07)^3 = $6000 * 1.21 = $7260

• $6000 * (1 + 0.07)^3 = $6000 * 1.225043 = $7350.26

Find the total amount after 2 years if you invest $1500 at an interest rate of 9% compounded annually.

• $1750.00

• $1782.15

• $1850.00

• $1800.00

What is the compound interest on $3500 at 12% per annum for 5 years compounded annually?

• $1,500.25

• $2668.20

• $3,000.50

• $2,350.75

If you invest $2500 at an interest rate of 3% compounded annually, what will be the total amount after 4 years?

• $2,813.77

• $2,500.00

• $2,700.00

• $2,950.00

How many years will it take $600 to double with 10% interest?

• 6 years

• 8.3 years

• 10 years

• 7.2 years

When interest is added to the balance each year and the new balance is used to calculate the interest for the next year is called...

• simple interest

• compound interest

• rule of 72

• inflation