Transcription of Compound Interest
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Compound Interest
J l2V0I1`6n UKrumttap iSvo[fCtpwtaXriek x LAkl\lE ZrOiCgdh^tFsi yr` [ wMXaNdzeM pwmict_hM tInnHfdiZn`iqt^eQ uP[ by Kuta Software LLCKuta Software - Infinite PrecalculusCompound InterestName_____Date_____ Period____1) Brenda invests $4,848 in a savings accountwith a fixed annual Interest rate of 5%compounded 2 times per year. What willthe account balance be after 6 years?2) Lea invests $8,333 in a savings accountwith a fixed annual Interest rate of 8%compounded 2 times per year. What willthe account balance be after 12 years?]]]
Name_____ Date_____ Period____ 1) Brenda invests $4,848 in a savings account with a fixed annual interest rate of 5% compounded 2 times per year. What will the account balance be after 6 years? $6,520.02 2) Lea invests $8,333 in a savings account with a fixed annual interest rate of 8% compounded 2 times per year.
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