Compound Interest

What is the principal

• 1000

• 5%

• 1

• .05

What is the rate in the correct form?

• 5%

• 1000

• .05

• 1

What does 1 represent?

• Rate

• Principal

• Time

• Annual Interest

Answer for number 3

• 530.45

• 30.45

• 500

• Did I notice that it's in months and not years?

Answer to number 5

• 2500

• 2731.82

• 231.82

• 2500(1+.03)^3

What is the annual interest?

• 19,000

• 18126.18

• 12000

• 19126.18