Compound Interest Student Worksheet Answers

1 your 3 year investment of 20000 received 52 interested compounded semi annually what is your total return.

Compound interest student worksheet answers. The formula used to calculate compound interest is m p 1 i n. Some of the worksheets displayed are compound interest name work use simple interest to find the ending compound interest lesson plan simple and compound interest simple and compound interest compound interest student work name work chapter 6 simple and compound interest simple interest problems. Students do recognize that compound interest is growing at a faster rate than simple interest. When reviewing the warm up with students i try to focus more on the meaning of compound interest instead of the formula.

Some of the worksheets displayed are compound interest compound interest name work use simple interest to find the ending compound interest student work name lesson plan simple and compound interest practice compound interest name work. If you decide to do this you will need to delete parts of the student sheets and spreadsheet. Once you find your worksheet click on pop out icon or print icon to worksheet to print or download. Compound interest worksheets calculate the total amount of the investment or total paid in a loan in the following situations.

Showing top 8 worksheets in the category compound interest. M is the final amount including the principal p is the principal amount the original sum borrowed or invested i is the rate of interest per year and n is the number of years invested. What is your total return. 1 your 3 year investment of 20000 received 52 interested compounded semi annually.

I 6900 503 100 2. The first worksheet has an. You may wish to concentrate on just one type of interest possibly compound interest as this is the type most often used in practice. 2332997 2 you borrowed 59000 for 2 years at 11 which was compounded annually.

Students will practice solving for amount principal and interest rate in the compound interest formula. Simple and compound interest worksheet simple interest worksheets with answers from simple and compound interest worksheet source. This is the easier worksheet and does notrequire the use of logarithms. Find the simple interest on 6900 at 16 per year for 2 years.

I prt here p 6900 n 2 r 16 503 plug these values in the above formula. Worksheet will open in a new window. Compound interest and is accompanied by an excel spreadsheet. Simple interest worksheet with answers solution.

There are three worksheets on the spreadsheet.