|Compound Interest Worksheet 21 For Google Apps|
|Compound interest word problems where the interest is compounded annually, semi annually, quarterly or monthly. Each worksheet has 10 word problems with answers on the second page. Sample problems include:|
1. How much interest is earned on $4,965 at 7% compounded monthly for 18 years?
2. What was the interest rate if your balance on an investment of $1,541 at the end of three years is $2,197.10 and the interest was compounded quarterly?
3. If the balance at the end of nine years on an investment of $4,268 that has been invested at a rate of 5% compounded quarterly is $6,674.91, how much was the interest?