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Lesson 8

Lesson 8. Section one. Simple Interest. 1. Wanda invests $3565 in a savings account that pays 6% interest a year. Find the amount she will have at the end of one year. A = ( P )( 1 + r ).

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Lesson 8

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  1. Lesson 8 Section one

  2. Simple Interest 1. Wanda invests $3565 in a savings account that pays 6% interest a year. Find the amount she will have at the end of one year. A = ( P )( 1 + r )

  3. 2. Mike deposits $2,000 in a savings account that pays interest at 5% a year. How much will the investment yield after 1 year?

  4. Compound Interest 4. $5435 is invested at 5.9% interest compounded annually for 12 years. How much money will the investment yield after 12 years? Round your answer to the nearest penny. t A = ( P )( 1 + r )

  5. 5. $20,000 is invested at 5% compounded annually for 4 years. How much money will the investment yield after 4 years? Round to the nearest penny.

  6. Your homework is a worksheet. Complete all of the problems on the worksheet.

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