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Compound Interest Worksheet 01 For Google Apps | ||||
Compound interest worksheet where the interest is compounded annually. Basic word problems for compound interest. For each worksheet, the answers are on the second page. Sample problems are: 1. How much interest is earned on a principal of $432 invested at an interest rate of 8% compounded annually for one year? 2. If you borrow $101 at 7% compounded annually for seven years, how much will you pay back by the end of the term? |
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