|Compound Interest Worksheet 14 For Google Apps|
|For these compound interest word problems, the interest is calculated quarterly. Each worksheets has the answers on the second page.|
1. How much interest is earned on $875 at 3% compounded quarterly for three years?
2. How long must $937 be invested at a rate of 3% compounded quarterly to earn $253.09 in interest?
3. If a loan is taken out for $327 at 6% compounded quarterly and costs $199.58, how long was the loan