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Compound Interest Worksheet B Answers | PDF | Compound Interest ... - Free Printable

Educational worksheet: Compound Interest Worksheet B Answers | PDF | Compound Interest .... Download and print for classroom or home learning activities.

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Final Answer:
1. A
2. D
3. A
4. a) Simple
b) Compound
5. Simple Interest: $ I = Prt $
Compound Interest: $ B = P(1 + r/n)^{nt} $
Continuously Compounded Interest: $ B = Pe^{rt} $
6. $ B $ = ending balance, $ P $ = principal, $ I $ = interest earned, $ r $ = annual interest rate (as a decimal), $ n $ = number of compounding periods per year, $ t $ = time in years
7. a) $294
b) $120
c) $1,725
d) $212.50
e) $222.20
8. a) $1,458.00
b) $754.20
c) $21,721.74
d) $18,192.47

Parent Tip: Review the logic above to help your child master the concept of compound interest practice worksheet.

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