Subscribe to our YouTube channel for the latest videos, updates, and tips.


Worksheet on Compound Interest with Periodic Deductions

Practice the questions given in the worksheet on compound interest with periodic deductions.

1. Jane borrows $ 8,000 at a compound interest rate of 5% per annum. If she repays $ 1,600 at the end of each year, find the sum outstanding at the end of the third year.

2. Jack lent $ 8,000 at a compound interest rate of 10% per annum. If he repays $ 1,500 at the end of the first year and $ 2,000 at the end of the second year, find his outstanding loan at the beginning of the third year.

3. A person invests $ 5,000 at the beginning of every year in a bank and earns 10 % annual interest, compounded at the end of the year. What will be his balance in the bank at the end of 3 years?

4. Mrs. Daniel takes a loan of $ 5,000 at the beginning of a year at a compound interest rate of 12 ½ % per annum. She takes another loan of $ 5,000 at the beginning of the next year at the same rate of compound interest. What is her total debt at the end of two years?

5. Shelly lent a sum of $ 5,000 at 12 % compound interest per annum, interest payable every 6 months. She pays back $ 1,800 at the end of every 6 months. Find the third payment she has to make at the end of 18 months in order to clear the entire loan.


Answers for the worksheet on compound interest with periodic deductions are given below.


Answers:


1. $ 5,817

2. $ 6,030

3. $ 18,205

4. $ 11,953.13

5. $ 2,024.60


Compound Interest

Compound Interest

Compound Interest with Growing Principal

Compound Interest with Periodic Deductions

Compound Interest by Using Formula

Problems on Compound Interest

Practice Test on Compound Interest


Compound Interest - Worksheet

Worksheet on Compound Interest

Worksheet on Compound Interest with Growing Principal





Math Home Work Sheets

8th Grade Math Practice 

From Worksheet on Compound Interest with Periodic Deductions to HOME PAGE




Didn't find what you were looking for? Or want to know more information about Math Only Math. Use this Google Search to find what you need.



New! Comments

Have your say about what you just read! Leave me a comment in the box below. Ask a Question or Answer a Question.




Share this page: What’s this?

Recent Articles

  1. Average Word Problems | Worksheet on Average Questions with Answers

    May 20, 25 05:40 PM

    In average word problems we will solve different types of problems on basic concept of average. 1. Richard scored 80, 53, 19, 77, 29 and 96 runs in 6 innings in a series. Find the average runs scored…

    Read More

  2. Worksheet on Average | Word Problem on Average | Questions on Average

    May 19, 25 02:53 PM

    Worksheet on Average
    In worksheet on average we will solve different types of questions on the concept of average, calculating the average of the given quantities and application of average in different problems.

    Read More

  3. 8 Times Table | Multiplication Table of 8 | Read Eight Times Table

    May 18, 25 04:33 PM

    Printable eight times table
    In 8 times table we will memorize the multiplication table. Printable multiplication table is also available for the homeschoolers. 8 × 0 = 0 8 × 1 = 8 8 × 2 = 16 8 × 3 = 24 8 × 4 = 32 8 × 5 = 40

    Read More

  4. How to Find the Average in Math? | What Does Average Mean? |Definition

    May 17, 25 04:04 PM

    Average 2
    Average means a number which is between the largest and the smallest number. Average can be calculated only for similar quantities and not for dissimilar quantities.

    Read More

  5. Problems Based on Average | Word Problems |Calculating Arithmetic Mean

    May 17, 25 03:47 PM

    Here we will learn to solve the three important types of word problems based on average. The questions are mainly based on average or mean, weighted average and average speed.

    Read More