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Interest Rates Resources


finding interest

1.  if interest is compounded annually, how much is $1000 work in 8 yrs at 8%?  (show the formula to use)       2.  the formula to find the total amount...


bank compounds

Depostiting 3,000 for 6 years and 7 percent interest, what would be the return to the nearest cent?     What would be the return if the bank compounds monthly?       If...


Interest and maturity value

Leslie Hart borrowed $15,900 to pay for her child’s education at Riverside Community College. Leslie must repay the loan at the end of 6 months in one payment with 3 3\4% interest. a) How...