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WorksheetsCompound Interest
Total questions: 15
Worksheet time: 33mins
$2000 is deposited at 12% per year, compounded continuously. Find the balance after 7 years.
$4572.89
$4632.73
$3789.76
$5214.89
Your $440 gets 5.8% interest compounded annually for 8 years. What will your $440 be worth in 8 years?
$250.78
$690.78
$1,130
$940.78
What do the variables stand for in this equation?
A=Amount
P=Principle
R=Return
T=Time
A=Amplitude
P=Principle
R=Return
T=Time
A=Amount
P=Principle
R=Rate
T=Time
The 1985 population estimate for India was 766 million, and the population has been growing continuously at a rate of about 1.82% per year. Assuming that this rapid growth rate continues, estimate the population N(t) of India in the year 2045 (Round you answer to the nearest million).
2,283,000,000
2,463,000,000
1,876,000,000
2,321,000,000
What does the n stand for in this formula?
Initial amount
Final amount
Rate
Time
The number of times compounded per year
What does the n stand for in this formula?
Initial amount
Final amount
Rate
Time
The number of times compounded per year
If you deposit $5000 into an account paying 6% annual interest compounded monthly, how long until there is $8000 in the account?
About 8.1 years
About 7.8 years
About 8 years
About 7.9 years
At 3% annual interest compounded monthly, how long will it take to double your money?
Around 19.6 years
Around 17.4 years
Around 23.1 years
Around 18.6 years
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.
