Interest Word Problems

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A principal amount of $2000 is invested at an annual interest rate of 5%. How much is in the account after 3 years?

• $6,750

• $2,315.25

• $2,552,56

• $2,680.19

If the principal is $5000, the annual interest rate is 8%, and the time period is 2 years, how much money did you earn?

• $5,832

• $16,200

• $832

• $11,200

An amount of $8000 is invested at an annual interest rate of 3% compounded semi-annually. What is the amount after 5 years?

• The amount after 5 years is $9,000.60

• The amount after 5 years is $8,240.00

• The amount after 5 years is $9,284.33

• The amount after 5 years is $7,500.25