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

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Last updated 3 days ago
11 questions
Rule of 72
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Simple Interest
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Compound Interest
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Question 1
1.
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
Question 2
2.
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
Question 3
3.
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
Question 4
4.
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
Question 5
5.
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
Question 6
6.

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?

Question 7
7.

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?

Question 8
8.

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?

Question 9
9.

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

Question 10
10.

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

Question 11
11.

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