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Compound Interest. 1) Brenda invests $4,848 in a savings account with a fixed annual interest rate of 5% compounded 2 times per year. What will the account balance be after 6 years? 3) Jasmine invests $2,658 in a retirement account with a fixed annual interest rate of 9% compounded continuously. What will the account balance be after 15 years?
Compound Interest Practice Worksheet Directions: Use the formula nt n r A =P (1 +) where A represents the total amount, P represents the principal, r represents the interest rate as a decimal, n represents the number of times per year interest is compounded, and t represents the time in years to answer the questions below.
10.6 Practice - Compound Interest Solve 1) Find each of the following: a. S500 invested at 4% compounded annually for 10 years. b. S600 invested at 6% compounded annually for 6 years. c. S750 invested at 3% compounded annually for 8 years. d. S1500 invested at 4% compounded semiannually for 7 years. e. S900 invested at 6% compounded ...
Free worksheet (pdf) and answer key on Compound interest. 20 scaffolded questions that start relatively easy and end with some real challenges. Plus model problems explained step by step.
Try out our pdf compound interest worksheets to practice finding interest, amount, principal, time, or rate, and solving compound interest word problems.
1. How much interest is earned on a principal of $432 invested at an interest rate of 8% compounded annually for one year? 2. If you borrow $101 at 7% compounded annually for seven years, how much will you pay back by the end of the term? 3. How much interest is earned on a principal of $542 invested at an interest rate of 3% compounded ...
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