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WorksheetsCompound Interest A
Total questions: 18
Worksheet time: 9mins
Identify the number of compounding periods when interest is compounded yearly (annually).
1
3
52
12
Identify the number of compounding periods when interest is compounded monthly.
365
4
12
52
Identify the number of compounding periods when interest is compounded daily.
365
52
1
26
Identify the number of compounding periods when interest is compounded quarterly.
3
4
12
1
Identify the number of compounding periods when interest is compounded every 6 months.
6
3
2
12
Identify the number of compounding periods when interest is compounded weekly.
52
26
365
12
Identify the number of compounding periods when interest is compounded fortnightly.
12
52
26
4
The compound interest formula is as follows A=P(1+i)n. Identify what, i represents.
Interest
Principal
Decimal
Number of compounding periods
The compound interest formula is as follows A=P(1+i)n. Identify what P represents.
Amount
Interest
Number of compounding periods
Principal
The compound interest formula is as follows A=P(1+i)n. Identify what n represents.
Principal
Number of compounding periods
Interest
Amount
The compound interest formula is as follows A=P(1+i)n. Identify what A represents.
Interest
Annuity
Repayment
Amount
Identify P, in the question:
Eva borrows $15 000 and will be charged compound interest at the rate of 4.6% per annum.
4.6
0.046
15 000
1
Identify i, in the question:
Eva borrows $15 000 and will be charged compound interest at the rate of 4.6% per annum.
15 000
0.046
0.15
1
Identify i, in the question:
Rodney will borrow $1500. He will be charged compound interest at the rate of 11.28% per annum compounding monthly.
11.28
0.1128
0.0094
0.001128
Identify P in the question:
Rodney will borrow $1500. He will be charged compound interest at the rate of 11.28% per annum compounding monthly.
11.28
1500
12
1
Identify the number of compounding periods in the question:
Hansie has borrowed $2200 and will be charged compound interest at the rate of 15.2% per annum, compounding quarterly.
1
12
3
4
Identify i in the question:
Eli invested $12 500 into an account that pays compound interest at the rate of 7.8% per annum, compounding quarterly.
0.078
0.0195
0.0065
0.78
Identify i in the question:
Shania invested $22 500 into an account that pays compound interest at the rate of 4.5% per annum, compounding every 6 months.
0.0025
0.00375
0.045
0.0075
