Use simple interest to find the ending balance.

Kuta Software - Infinite Pre-Algebra

Name___________________________________

Simple and Compound Interest

Date________________ Period____

Use simple interest to find the ending balance.

1) $34,100 at 4% for 3 years

2) $210 at 8% for 7 years

3) $4,000 at 3% for 4 years

4) $20,600 at 8% for 2 years

5) $14,000 at 6% for 9 years

6) $2,300 at 7% for 9 years

7) $43,800 at 4.8% for 2 years

8) $35,800 at 8.2% for 3 years

9) $7,400 at 10.5% for

1

years

4

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10) $1,900 at 5.9% for 2

-1-

3

years

4

Worksheet by Kuta Software LLC

Find the total value of the investment after the time given.

11) $7,300 at 7% compounded

semiannually for 3 years

12) $1,030 at 4% compounded

semiannually for 2 years

13) $18,000 at 9% compounded

semiannually for 6 years

14) $1,500 at 7% compounded

annually for 3 years

15) $1,240 at 8% compounded

annually for 2 years

16) $55,000 at 16% compounded

semiannually for 2 years

17) $28,600 at 7.9% compounded

semiannually for 2 years

18) $21,000 at 13.6% compounded

quarterly for 4 years

19) $12,700 at 8.8% compounded

semiannually for 1 year

20) $130 at 9.4% compounded

quarterly for 2 years

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Worksheet by Kuta Software LLC

Kuta Software - Infinite Pre-Algebra

Name___________________________________

Simple and Compound Interest

Date________________ Period____

Use simple interest to find the ending balance.

1) $34,100 at 4% for 3 years

2) $210 at 8% for 7 years

$38,192.00

$327.60

3) $4,000 at 3% for 4 years

4) $20,600 at 8% for 2 years

$4,480.00

$23,896.00

5) $14,000 at 6% for 9 years

6) $2,300 at 7% for 9 years

$21,560.00

$3,749.00

7) $43,800 at 4.8% for 2 years

8) $35,800 at 8.2% for 3 years

$48,004.80

9) $7,400 at 10.5% for

$44,606.80

1

years

4

10) $1,900 at 5.9% for 2

$7,594.25

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3

years

4

$2,208.28

-1-

Worksheet by Kuta Software LLC

Find the total value of the investment after the time given.

11) $7,300 at 7% compounded

semiannually for 3 years

12) $1,030 at 4% compounded

semiannually for 2 years

$8,973.56

13) $18,000 at 9% compounded

semiannually for 6 years

$1,114.91

14) $1,500 at 7% compounded

annually for 3 years

$30,525.87

15) $1,240 at 8% compounded

annually for 2 years

$1,837.56

16) $55,000 at 16% compounded

semiannually for 2 years

$1,446.34

17) $28,600 at 7.9% compounded

semiannually for 2 years

$74,826.89

18) $21,000 at 13.6% compounded

quarterly for 4 years

$33,393.66

19) $12,700 at 8.8% compounded

semiannually for 1 year

$35,854.85

20) $130 at 9.4% compounded

quarterly for 2 years

$13,842.19

$156.55

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Worksheet by Kuta Software LLC

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