Compound Interest Worksheet 02 Worksheets

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Compound Interest Worksheet 02 For Google Apps

Compound interest worksheets involving compound interest word problems. Basic compound interest with the interest compounding annually. Worksheets all come with answers. Here are some sample problems:

1. If you put $354 into a savings account and after eight years the balance is $655.23, what was the interest rate if it was compounded annually?
2. You put $553 into an investment at 9% compounded annually for two years. What will the balance be at the end of two years?
3. Your final balance on an investment of $201 invested at 9% compounded annually was $309.26. For what period of time did you invest?
4. How long must $739 be invested at a rate of 6% compounded annually to earn $438.85 in interest?
5. If the balance at the end of one year on an investment of $877 that has been invested at a rate of 6% compounded annually is $929.62, how much was the interest?
6. How much principal must be invested to earn $40.70 in one year at an interest rate of 10%
compounded annually?
7. What was the interest rate if your balance on an investment of $813 at the end of five years is $1,087.98 and the interest was compounded annually?
8. You invested $396 and after five years the total amount of the investment was $581.85. What was the interest rate if it was compounded annually?
9. If you put $985 in a savings account that pays 7% compounded annually for nine years what is the amount of money you will have at the end of the nine years?
10. If you put $514 into a savings account and after seven years the balance is $772.87, what was the interest rate if it was compounded annually?