Free Printable Compound Interest

Worksheets

Compound Interest

Total questions: 15

Worksheet time: 53mins

Name

Class

Date

What does P represent in the equation A=P(1+r)^t

rate

principal

time

amount

Caiden deposited $475 in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?

$827.52

$831.10

$839.45

$846.80

You borrowed $59,000 for 2 years at 11% which was compounded annually. What is the total?

$13,693.90

$1,363.90

$72,693.90

$73,793.90

You borrowed $1,690 for 5.5 years at an interest of 5.7%. How much is the total you pay?

$1,690

$2,292.45

$1,87.55

$3,982.45

Audrey deposited $2,800 in a

savings account that pays 2.65% interest compounded annually.

What is the total value of the account after 7 years?

$562.57

$3362.57

$14,514.15

$2,569,680

Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Karla earn in 15 years?

$1,584.62

$2,651.39

$2,706.86

$1,825.10

Emily would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.

$15,415.94

$15,683.28

$15,927.56

$16,109.05

Monthly means how many times a year?

365

Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.

$2794.10

$2738.11

$2774.98

$2807.11

10.

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

$12712.31

$12,749.30

$12,657.59

$12550.84

11.

Jay'den earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?

$827.52

$831.10

$839.45

$846.80

12.

The Arnold's took out a loan for $195,000 to purchase a home. At a 4.3% interest rate compounded annually, how much total will they have paid after 30 years?

$412,749.79

$529.305.61

$689,546.99

$640,891.53

13.

Semi-Annually means how many times a year?

14.

Courtney saved up $2,200 working as a waitress over the summer. She put this money into a bank account that earned 5.2% interest and is compounded daily. How much will she have in her account at the end of 4 years?

$2201.25

$2694.55

$2707.45

$2708.63

15.

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Compound Interest

Total questions: 15

Worksheet time: 53mins

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