Periodic Compounded Interest
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- (Video) Compound Interest by ThinkwellVids Here's another great video by ThinkwellVids showing you how to solve compound interest problems. Summary\large{\text{Summary}}Summary …
By Alex Federspiel, Amy Feraco
- (Video) Compound Interest by HEGARTYMATHS Here's a video by HEGARTYMATHS where he goes over some word problems involving compound interest. Summary\large{\text{Summary}}Summary …
By Alex Federspiel, Amy Feraco
- (Video) Continuous Compound Interest by mathman1024 Here's a video by mathman1024 explaining continuous compound interest. Summary\large{\text{Summary}}Summary To evaluate compo…
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- Compound Interest vs Simple Interest Recall that, when calculating simple interest, you are multiplying the interest rate by the principal amount (what you initially invested). …
By Paris, Victor Wang, Alex Federspiel, Caroline K
Problems 26
- An unknown amount of money is put into a bank account that is compounded annually. After 111 year you have 250\250250. After 999 years you have 8000\80008000. What is the amount…
- The equation for compound interest is A=P(1+rm)tmA=P(1+\frac{r}{m})^{tm}A=P(1+mr)tm. Solve for rrr.
- At the end of 333 years, a savings account has a balance of 2157.62\2157.622157.62. The interest rate is compounded monthly at 4.6%4.6\%4.6%. What is the original amount deposit…
- An unknown amount of money was placed in a bank account with an unknown quarterly interest rate. After 222 years, there's 5724.38\5724.385724.38 in the account. After 444 more y…
- Solve for the final value if the original value is 8400\84008400 with 7%7\%7% interest compounded semiannually for 333 years.
- Solve for the final value if the original value is 22000\2200022000 with 14.8%14.8\%14.8% interest compounded quarterly for 444 years.
- If 6951.37\6951.376951.37 was put into your account at some unknown date and it's now 10166.30\10166.3010166.30. The interest rate is 7.7%7.7\%7.7% and it is compounded triannua…
- An unknown amount of money was placed in a bank account with a semiannual interest rate of 8.8%8.8\%8.8%. After 333 years, there's 3545.17\3545.173545.17 in the account. After t…
- What is the difference in the final amount of money you will have if you save 5,000\5,0005,000 at 0.5%0.5\%0.5% for 101010 years compounded daily as opposed to being compounded …
- True or False\text{True or False}True or False === Using the Compound Interest Formula, if the principal amount is never changed, the total will go up by the same amount every y…
- Suppose that you invest 1000\10001000 into a bank account that pays 10%10\%10% interest, compounded annually. How much interest will you have earned in three years? Omit units.
- Dylan decides to invest 2,000\2,0002,000. The interest is compounded four times a year with a rate of 6%6\%6%. How long will it take for him to earn 1,000\1,0001,000?
- The compound interest formula is an example of what kind of function?
- Approximately how long would it take to triple your investment if your bank had a 2%2\%2% interest rate compounded monthly?
- Approximately how long would it take to double your investment if your bank had a 4%4\%4% interest rate compounded monthly?
- What is the difference in the final amount of money you will have if you save 10,000\10,00010,000 at 1%1\%1% for 101010 years compounded monthly as opposed to being compounded b…
- What is the difference in the final amount of money you will have if you save 3,500\3,5003,500 at 2.5%2.5\%2.5% for 666 years compounded 444 times a year as opposed to being com…
- Darth Vader wants to build the Death Star, but only has 1\11. He uses the Force to convince his local bank to double his money every day. Unfortunately, the Death Star costs app…
- Which graph would be best for predicting the amount of money in the account after mmm months? Select all that apply.
- Julia wants to save money for her child's college education in the future. If she puts 6,500\6,5006,500 in a savings account that is compounded monthly at a 5%5\%5% annual rate,…
- Which of the following are equivalent without compounding?
- True or False\text{True or False}True or False === If PPP (present value), rrr (interest rate), and ttt (time, in years) are positive constants in the Compound Interest Formula …
- Solve for the ttt in the compound interest formula: A=P(1+rn)tnA=P(1+\frac{r}{n})^{tn}A=P(1+nr)tn
- You're playing a video game. You automatically start with 101010 points, and for each second you stay alive, you get 5%5\%5% more points. How many seconds do you have to stay al…
- The effect of compounding depends on which of the following?
- Suppose that you invest x\xx into a bank account that pays y%y\%y% interest, compounded annually. How much interest will you have earned in zzz years?