Subjects finance

Compound Interest Problems 1052A5

Step-by-step solutions with LaTeX - clean, fast, and student-friendly.

Search Solutions

Compound Interest Problems 1052A5


1. **Problem 1:** You invest 1000 at an annual compound interest rate of 5% for 3 years. How much money will you have at the end? 2. **Problem 2:** A savings account offers 4% annual compound interest. If you deposit 2000, how much will be in the account after 5 years? 3. **Problem 3:** You borrow 1500 with a compound interest rate of 6% per year. What is the total amount owed after 4 years? 4. **Problem 4:** An investment of 2500 grows at 3% compound interest annually. Calculate the value after 6 years. 5. **Problem 5:** A fund grows by 7% compound interest yearly. If the initial amount is 3000, what is the amount after 2 years?