Lesson: Compound Interest Glencoe • Algebra 2 • Glencoe • Algebra 1 • enVision • Algebra 2 • Common Core • enVision • Algebra 1 • Common Core • Prentice Hall • Algebra 2 • Common Core • Glencoe • Algebra 2 • Common CoreMathematics
In this lesson, we will learn how to deal with compound interest.
Sample Question Videos
James invests at a interest rate per year, compounded quarterly. Find the balance after 10 years.
Amelia opened a retirement account with APR in the year 2000. Her initial deposit was . How much will the account be worth in 2025 if the interest is compounded monthly? How much more would she make if the interest were compounded continuously?
When Michael was born, his grandparents invested in a fund that would mature on his 21st birthday. If the fund earned per year, compounded annually, how much was its value when it matured? Give your answer to the nearest dollar.