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wordproblemswithexponentsandlogs
Interest Rate Problems
1. Find each of the following:
a. $500 invested at 4% compounded annually for 10 years.
b. $600 invested at 5% compounded annually for 6 years.
c. $750 invested at 3% compounded annually for 8 years.
d. $1000 invested at 4% compounded annually for 7 years.
e. $1250 invested at 3% compounded annually for 15 years.
f. $1500 invested at 4% compounded semiannually for 7 years.
g. $900 invested at 6% compounded semiannually for 5 years.
h. $950 invested at 4% compounded semiannually for 12 years.
i. $1100 invested at 5% compounded semiannually for 8 years.
j. $1750 invested at 3% compounded semiannually for 10 years.
k. $2000 invested at 5% compounded quarterly for 6 years.
l. $2250 invested at 4% compounded quarterly for 9 years.
m. $3500 invested at 6% compounded quarterly for 12 years.
n. $2500 invested at 4% compounded quarterly for 10 years.
o. $2100 invested at 5% compounded quarterly for 8 years.
p. All of the above compounded continuously.
2. What principal will amount to $2000 if invested at 4% interest compounded semiannually for 5 years?
3. What principal will amount to $3500 if invested at 4% interest compounded quarterly for 5 years?
4. What principal will amount to $3000 if invested at 3% interest compounded semiannually for 10 years?
5. What principal will amount to $2500 if invested at 5% interest compounded semiannually for 7.5 years?
6. What principal will amount to $1750 if invested at 3% interest compounded quarterly for 5 years?
7. In how many years will $300 amount to $500 at 4% compounded annually?
8. In how many years will $350 amount to $1000 at 6% compounded semiannually?
9. In how many years will $400 earn $200 in compound interest if it is invested at 5% compounded annually.
10. In how many years will $100 double itself at 4% compounded annually.
11. In how many years will $100 double itself at 4% compounded quarterly?
12. In how many years will P dollars double itself at 3% compounded semiannua
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