Compound Interest Pr Directions: Use the formula A- PI+" where A represents the total amount, P represents the principal, r represents the Interest rate as a decimal, n represents the number of times per year interest is compounded, and f represents the time in years to answer the questions below. 1) A coin had a value of SI.17 in 1995. Its value has been increasing at 9% per year. What is the value after 5 years? 2) Gina deposited $1500 in an account that pays 4% interest compounded quarterly. What will the balance be in 2 years? 3) The Garcias have $12,000 in a savings account. The bank pays 3.5% interest on savings accounts, compounded monthly. Find the total balance after three years. 4) Determine the amount of interest carned on a $2500 investment if it is invested at 5.25% annual interest compounded monthly for four years. 5) Determine the amount of interest carmed on a $100,000 investment if it is invested at 5.2% annual interest compounded quarterly for 12 years.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
![Compound Interest Practice Worksheet
Directions: Use the formula A= P(I+" where A represents the total amount, P
represents the principal, r represents the interest rate as a decimal, n represents the
number of times per year interest is compounded, and r represents the time In years
to answer the questions below.
1) A coin had a value of S1.17 in 1995. Its value has been increasing at 9% per year.
What is the value after 5 years?
2) Gina deposited $1500 in an account that pays 4% interest compounded quarterly.
What will the balance be in 2 years?
3) The Garcias have S12,000 in a savings account. The bank pays 3.5% interest on
savings accounts, compounded monthly. Find the total balance after three years.
4) Determine the amount of interest carned on a $2500 investment if it is invested at
5.25% annual interest compounded monthly for four years.
5) Determine the amount of interest earned on a $100,000 investment if it is
invested at 5.2% annual interest compounded quarterly for 12 years.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6278709b-5281-413c-9d58-c3eeb7101478%2F9494fe14-a658-48a5-a51b-0e48faa246b1%2F86uqjpo_processed.jpeg&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
![Algebra and Trigonometry (6th Edition)](https://www.bartleby.com/isbn_cover_images/9780134463216/9780134463216_smallCoverImage.gif)
![Contemporary Abstract Algebra](https://www.bartleby.com/isbn_cover_images/9781305657960/9781305657960_smallCoverImage.gif)
![Linear Algebra: A Modern Introduction](https://www.bartleby.com/isbn_cover_images/9781285463247/9781285463247_smallCoverImage.gif)
![Algebra and Trigonometry (6th Edition)](https://www.bartleby.com/isbn_cover_images/9780134463216/9780134463216_smallCoverImage.gif)
![Contemporary Abstract Algebra](https://www.bartleby.com/isbn_cover_images/9781305657960/9781305657960_smallCoverImage.gif)
![Linear Algebra: A Modern Introduction](https://www.bartleby.com/isbn_cover_images/9781285463247/9781285463247_smallCoverImage.gif)
![Algebra And Trigonometry (11th Edition)](https://www.bartleby.com/isbn_cover_images/9780135163078/9780135163078_smallCoverImage.gif)
![Introduction to Linear Algebra, Fifth Edition](https://www.bartleby.com/isbn_cover_images/9780980232776/9780980232776_smallCoverImage.gif)
![College Algebra (Collegiate Math)](https://www.bartleby.com/isbn_cover_images/9780077836344/9780077836344_smallCoverImage.gif)