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Simple and Compound Interest Game- Harmony Cusack Maths 2

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Can you take the snake to the correct answers using either the simple or compound formula?

harmonycusack
Created Date 08.19.19
Last Updated 08.20.19
Viewed 31 Times
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Topics of this game:
  • Samantha invests $3000 for 4 years at 6% p.a. simple interest paid yearly, How much interest will she receive in the first year?
  • Calculate the amount of simple interest paid on an investment of $12 000 at 10%simple interest per annum for 3 years
  • Find the amount owed on a loan of $60 000 at 3.5% per annum simple interest at the end of 3 years and 6 months
  • Calculate the principal that would need to be invested in order to earn $4 300 at an interest rate of 3% p.a. for 4 years.
  • Alison borrowed $60 000 for 5 years at 12% p.a. interest compounding monthly. What is the amount owed after the 4 years?
  • Use the compound interest formula to calculate the amount of a fixed-term investment of $3500 over 7 years at 6.2% p.a. interest compounding quarterly.
  • Shailyn's investment of $4000 is compounded at 8.4% p.a. over 5 years. Determine the amount she will have after 6 years if the interest is paid monthly.
  • Emma opened a savings account and deposited $200.00 as principal. The account earns 12% interest, compounded annually. What is the balance after 6 years?
  • Ben puts $700.00 into an account to use for school expenses. The account earns 5% interest, compounded annually. How much will be in the account after 4 years?
  • Sarah has $20,000 in a savings account. The interest rate is 2% per year and is not compounded. To the nearest dollar, how much will she have in 5 years?