Compounding Interest Practice

Find the balance in the account after the given period.

$12,000 principal earning 4.8% compounded annually after 7 years.

Find the balance in the account after the given period.

$5000 deposit earning 1.5% compounded quarterly after 3 years.

Find the balance in the account after the given period.

$13,500 deposit earning 3.3% compounded monthly after 1 year.

Find the balance in the account after the given period.

$3,400 principal earning 3.6% compounded annually after 2 years

Your $54,200 car loan has an annual interest rate of 5.1% compounded monthly. What will you have paid for your car after 10 years?

An investment of $9,875 earns 4.8% interest compounded monthly over 12 years. Approximately how much INTEREST is earned on the investment?

Skye deposits $1650 for three years at 3% interest, compounded daily. How much interest will they earn?

Martavious deposits $2350 in an account that earns interest at a rate of 3.1%, compounded monthly. What is his ending balance after twenty-five years?

Remy's final balance was £6,326.60 on their six-year investment at an interest rate of 4%, compounded annually. How much did they invest at the start?

How much interest would Zion earn on a deposit of $10,000 one year at 5.12% compounded daily?