7. Interest and Loans
Interactive practice questions
$\$3000$$3000 is invested at an interest rate of $5%$5% p.a. compounded annually. Find the value of the investment after $17$17 years in dollars.
Round your answer to the nearest cent.
Easy
1min
$\$3000$$3000 is invested at an interest rate of $4%$4% p.a. compounded quarterly. Find the value of the investment after $17$17 years in dollars.
Easy
1min
$\$2000$$2000 is borrowed at an interest rate of $12%$12% p.a. compounded monthly. Find how much is owed at the end of $2$2 years in dollars.
Easy
1min
$\$10000$$10000 is invested at an interest rate of $2.7%$2.7% p.a. compounded monthly. Find how much the investment is worth after $18$18 months in dollars.
Easy
1min
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