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

1 3
9) $7,400 at 10.5% for years 10) $1,900 at 5.9% for 2 years
4 4

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

11) $7,300 at 7% compounded 12) $1,030 at 4% compounded

semiannually for 3 years semiannually for 2 years

13) $18,000 at 9% compounded 14) $1,500 at 7% compounded

semiannually for 6 years annually for 3 years

15) $1,240 at 8% compounded 16) $55,000 at 16% compounded

annually for 2 years semiannually for 2 years

17) $28,600 at 7.9% compounded 18) $21,000 at 13.6% compounded

semiannually for 2 years quarterly for 4 years

19) $12,700 at 8.8% compounded 20) $130 at 9.4% compounded

semiannually for 1 year quarterly for 2 years

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 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 $44,606.80

1 3
9) $7,400 at 10.5% for years 10) $1,900 at 5.9% for 2 years
4 4
$7,594.25 $2,208.28

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

11) $7,300 at 7% compounded 12) $1,030 at 4% compounded

semiannually for 3 years semiannually for 2 years
$8,973.56 $1,114.91

13) $18,000 at 9% compounded 14) $1,500 at 7% compounded

semiannually for 6 years annually for 3 years
$30,525.87 $1,837.56

15) $1,240 at 8% compounded 16) $55,000 at 16% compounded

annually for 2 years semiannually for 2 years
$1,446.34 $74,826.89

17) $28,600 at 7.9% compounded 18) $21,000 at 13.6% compounded

semiannually for 2 years quarterly for 4 years
$33,393.66 $35,854.85

19) $12,700 at 8.8% compounded 20) $130 at 9.4% compounded

semiannually for 1 year quarterly for 2 years
$13,842.19 $156.55

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