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

Last updated 2 months ago

11 questions

Instructions

Rule of 72

Required

Simple Interest

Required

Compound Interest

Required

Last updated 2 months ago

11 questions

Instructions

Rule of 72

Required

You have invested $500 at 9% interest. According to the Rule of 72, how many years will it take for the money to double in value?
_______ years

Required

You have invested $2,000 at 2% interest. According to the Rule of 72, how many years will it take for the money to double in value?
_______ years

Required

You have invested $5,000 at 3% interest. According to the Rule of 72, how many years will it take for the money to double in value?
_______ years

Required

You have invested $25,000 at 12% interest. According to the Rule of 72, how many years will it take for the money to double in value?
_______ years

Required

You have invested $750 at 6% interest. According to the Rule of 72, how many years will it take for the money to double in value?
_______ years

Simple Interest

Required

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?

Required

Required

Compound Interest

Required

Required

Required