Compound Interest

3-year investment of $20,000 with 5.2% interest compounded annually. What is the total return?

You borrowed $59,000 for 2 years at 11% compounded annually. What total will you pay back?

Your allowance of $190 earned an interest of 11% compounded annually for 1 2/3 years. How much interest did you earn on your allowance?

Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?

Borrowed $1,690 for 5 1/2 years at 5.7% interest compounded annually. How much extra was paid?

Your $440 gets 5.8% interest compounded annually for 8 years. What will your $440 be worth in 8 years?

Interest earned on $1,900 at 4% compounded annually for 3 years?

You take out a loan for $175,000. Which option will cost you less? A) Simple Interest rate of 4.17% over 15 years B) Compound Interest rate of 3.5% over 15 years

You deposit $2,500 in a savings account. What is the difference in the amount of interest that will be paid in each situation? Option A) Interest rate of 8.25% simple interest for 2 years Option B) Interest rate of 6.5% compounded annually for 2 years

You deposit $5,000 in an account. What will be the difference between the interest paid? A) Simple interest rate of 6.25% for 2.5 years B) 5.5% rate compounded annually for 2.5 years