Simple And Compound Interest Worksheet

Simple and Compound Interest Date_____ Period____ Use simple interest to find the ending balance. 1) $34,100 at 4% for 3 years 2) $210 at 8% for 7 years 3) $4,000 at 3% for 4 years 4) $20,600 at 8% for 2 years 5) $14,000 at 6% for 9 years 6) $2,300 at 7% for 9 years 1 4 3 4 years-1-©M w2S0 Q1B2f OKXu4tZaa rS 8o DfYtuwqa 2rTe R 0L YLpCa. z K IA klMle MrCiVg5hht …

In simple interest, a sum of money doubles itself in 10 years. Find the number of years it will take to triple itself. Solution : Let P be the sum of money invested. P becomes doubles itself in 10 years So, P will be 2P in 10 years. Now we can calculate interest for ten years as shown below.

5) Find the final amount when £18500 is invested at 6.8% simple interest (p.a.) for 22 months [1] 6) Find the compound interest when £800 is invested at 8% for 4 years. [1] 7) Find the compound interest when £400 is invested at 8% for 3 years. [1] 8) Find the final amount when £450 is invested at 10% compound interest for 3 years. [1]

Try some of our printable compound interest worksheets for free. Compound Interest Students are expected to find the amount, principal, or interest by rearranging the formula Interest = Amount − Principal, and complete the table with the missing values. Finding Compound Interest and Total Amount | Level 1

The difference between compound interest and simple interest for two years is = 1230 – 1200 = 30 Then we have, P (R/100) ² = 30 Plug R = 5 P (5/100)² = 30 P (1/20)² = 30

Simple and Compound Interest Worksheet In problems1-3, compare the amount you have if the money were invested at simple interest or invested so that it is compounded annually. 1. $5,000 at 10% for 5 years 2. $2,000 at 12% for 3 years 3. $1,000 at 14% for 30 years

Use simple interest in Questions 1 – 8 to find the end balance. Round all answers to the nearest cent. 1) $34,100 at 4% for 3 years. 2) $210 at 8% for 7 years. 3) $4,000 at 3% for 4 years. 4) $20,600 at 8% for 2 years. 5) $14,000 at 6% for 9 years. 6) $2,300 at 7% for 9 years. Use compound interest in Questions 9 – 16 to find the end balance …

Displaying all worksheets related to – Simple And Compound Interest. Worksheets are Use simple interest to find the ending, Simple and compound interest, Comparing simple and 11 compound interest, Simple and compound interest, Lesson plan simple and compound interest, Simple and compound interest, Gcse maths revision compound and simple …

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 . Please disable adblock in order to continue browsing our website. Unfortunately, in the last year, adblock has now begun disabling almost all images from loading on our site, which has lead to …