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Calculating Interest Review

  •  English    59     Public
    Simple, Compound and continuously Compounding Interest
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  • An amount of $1,240.00 is deposited in a bank paying an annual interest rate of 2.85 %, compounded annually. Find the balance after 2 years.
    $1,311.69
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  • An amount of $2,000.00 is deposited in a bank paying an annual interest rate of 2.85 %, compounded annually. Find the balance after 3 years.
    $2,175.92
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  • An amount of $3,000.00 is deposited in a bank paying an annual interest rate of 3 %, compounded annually. Find the balance after 4 years.
    $3,376.53
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  • If you invest $1,000 at an annual interest rate of 5% compounded, calculate the final amount you will have in the account after five years.
    $1,276.28
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  • If you invest $500 at an annual interest rate of 10% compounded, calculate the final amount you will have in the account after five years.
    $805.26
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  • If you invest $2,000 at an annual interest rate of 13% compounded annually, calculate the final amount you will have in the account after 20 years.
    $23,046.18
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  • If you invest $20,000 at an annual interest rate of 1% compounded, calculate the final amount you will have in the account after 20 years.
    $24,403.80
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  • $1000 compounded at an annual rate of 8.25% for 10 years.
    $2,209.42
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  • You are investing $1500 at 5.2% compounded. How much money will you have in 12 years?
    $2,756.01
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  • An amount of $2,340.00 is deposited in a bank paying an annual interest rate of 3.1%, compounded. Find the balance after 3 years.
    $2,564.44
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  • You borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back?
    $72,693.90
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  • Martha makes an investment of $500 in an account that pays 6% interest compounded annually. How much will she have after 3 years?
    $595.51
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  • Find the balance in the account after the given period. $12,000 principal earning 4.8% compounded annually after 7 years
    $16,661.35
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  • $5000 principal earning 4% compounded annually after 10 years. What is the total amount after 10 years?
    $7,401.22
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  • $3400 principal earning 3.6% compounded annually after 2 years. What is the total amount after 2 years?
    $3649.21
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  • Your $54,200 2 year car loan is at 15.1% compounded annually. What will you have paid for your car after 2 years?
    $71,804.21
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