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Compound Interest Worksheet 02 For Google Apps | |||||

Compound interest worksheets involving compound interest word problems. Basic compound interest with the interest compounding annually. Worksheets all come with answers. Here are some sample problems: 1. If you put $354 into a savings account and after eight years the balance is $655.23, what was the interest rate if it was compounded annually? 2. You put $553 into an investment at 9% compounded annually for two years. What will the balance be at the end of two years? 3. Your final balance on an investment of $201 invested at 9% compounded annually was $309.26. For what period of time did you invest? 4. How long must $739 be invested at a rate of 6% compounded annually to earn $438.85 in interest? 5. If the balance at the end of one year on an investment of $877 that has been invested at a rate of 6% compounded annually is $929.62, how much was the interest? 6. How much principal must be invested to earn $40.70 in one year at an interest rate of 10% compounded annually? 7. What was the interest rate if your balance on an investment of $813 at the end of five years is $1,087.98 and the interest was compounded annually? 8. You invested $396 and after five years the total amount of the investment was $581.85. What was the interest rate if it was compounded annually? 9. If you put $985 in a savings account that pays 7% compounded annually for nine years what is the amount of money you will have at the end of the nine years? 10. If you put $514 into a savings account and after seven years the balance is $772.87, what was the interest rate if it was compounded annually? |

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