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September 15th - Compound Interest

Last updated over 5 years ago

6 questions

1

Question 1

1.

Find the final amount for an investment of $1300 earning 5% interest compounded annually for 10 years.

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Question 2

2.

Find the final amount for an investment of $720 earning 6.2% interest compounded semiannually for 5 years.

Question 3

3.

Find the final amount for an investment of $2200 earning 3% annual interest compounded continuously for 15 years.

Question 4

4.

Find the final amount for an investment of $300 earning 4.52% interest compounded quarterly for 3 years.

Question 5

5.

Find the final amount for an investment of $2000 earning 10.3% interest compounded continuously for 5.5 years.

Question 6

6.

Find the final amount for an investment of $5000 earning 6.3% interest compounded daily for 1 year.