Compound Interest Practice Worksheet printable pdf download

Compound Interest Practice Worksheet

Name _____________

Compound Interest Practice Worksheet

1 ( +

Directions: Use the formula

)

where A represents the total amount, P

represents the principal, r represents the interest rate as a decimal, n represents the

number of times per year interest is compounded, and t represents the time in years

to answer the questions below.

1) A coin had a value of $1.17 in 1995. Its value has been increasing at 9% per year.

What is the value after 5 years?

2) Gina deposited $1500 in an account that pays 4% interest compounded quarterly.

What will the balance be in 2 years?

3) The Garcias have $12,000 in a savings account. The bank pays 3.5% interest on

savings accounts, compounded monthly. Find the total balance after three years.

4) Determine the amount of interest earned on a $2500 investment if it is invested at

5.25% annual interest compounded monthly for four years.

5) Determine the amount of interest earned on a $100,000 investment if it is

invested at 5.2% annual interest compounded quarterly for 12 years.

Compound Interest Practice Worksheet