Interactive practice questions
A $\$4270$$4270 investment earns interest at $3.1%$3.1% p.a. compounded quarterly over $9$9 years.
Use the compound interest formula to calculate the value of this investment to the nearest cent.
A $\$8800$$8800 investment earns interest at $3.2%$3.2% p.a. compounded monthly over $13$13 years.
Use the compound interest formula to calculate the value of this investment to the nearest cent.
A $\$5510$$5510 investment earns interest at $3.7%$3.7% p.a., compounded weekly over $6$6 years.
Use the compound interest formula to calculate the value of this investment to the nearest cent.
A $\$7000$$7000 investment earns interest at $3.9%$3.9% p.a., compounded daily over $13$13 years.
Use the compound interest formula to calculate the value of this investment to the nearest cent.