Compound Interest Worksheet Answers
Free Printable Compound Interest Worksheet Answers
This compound interest worksheet again explores these concepts but delves deeper into long term compounding interest with formulas for this type of interest used most frequently by banks than simple interest.
Compound interest worksheet answers. Lesson introduction before having students start on the worksheets explain that when you borrow money you have to repay the amount you borrowed as well as any added interest charges which represents the cost of borrowing. Compound interest worksheets printable. Students need to use compound interest to solve each word problem focusing on the principal interest rate and time. These compound interest worksheets are printable.
Answers are provided for each of the five worksheets on the second page for ease of grading. 20 scaffolded questions that start relatively easy and end with some real challenges. Free worksheet pdf and answer key on compound interest. It covers large loans taken out by businesses and individuals making considerable investment decisions.
Compound interest name worksheets calculate the total amount of the investment or total paid in a loan in the following situations. 1 your 3 year investment of 20 000 received 5 2 interested compounded semi annually. What is your total return. We provide step by step solutions of exercise lesson 2 compound interest for icse class 9 rs aggarwal mathematics.