Name _______________________

2.6. Compound Interest

Calculate the following compound interest calculated yearly.

1. Principal = $3000, Rate = 4%
2. Principal = $5000, Rate = 3%
3. Principal = $12,000, Rate = 2%
4. Principal = $34,000, Rate = 5%
5. Principal = $18,000, Rate = 3%
6. Principal = $7800, Rate = 4%
7. Principal = $8500, Rate = 3%

Calculate the following compound interest calculated quarterly. You may round when necessary.

8. Principal = $300, Rate = 3%

9. Principal = $500, Rate = 4%

10. Principal = $7000, Rate = 3%

11. Principal = $2000, Rate = 2%

12. Principal = $4000, Rate = 3%

Calculate the following compound interest calculated monthly.

13. Principal = $2000, Rate = 2%

14. Principal = $300, Rate = 3%

15. Principal = $4000, Rate = 2%

16. Principal = $1600, Rate = 3%

17. Principal = $5000, Rate = 4%