Copy of PF Lesson #2 - Rule of 72 & Interest Worksheet (5/21/2025)

You deposit $300 in a savings plan with an annual rate of 7.25% simple interest. How much INTEREST will you make after 1 year?

You deposit $2,000 in a savings plan with an annual rate of 5.5% simple interest. How much MONEY will you have in your account after 1 year?

You deposit $8,000 in a savings plan with an annual rate of 2% simple interest. How much MONEY will you have in your account after 1 year?

You put $1,500 in a savings account at 8% compounded annually. How much MONEY will you have in your account after 3 years?

You put $5,000 in a savings account at 9% compounded quarterly. How much MONEY will you have in your account after 1 year?

You put $2,700 in a savings account at 10% compounded semiannually. How much INTEREST will you have after 1 year?