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A deposit of $ 5 0 0 made five years ago is worth $ 7 0 5 . 3 0 today. The deposit pays interest

A deposit of $500 made five years ago is worth $705.30 today. The deposit pays interest semi-annually. What is the interest rate?  


How much would you have had to invest 21 years ago in an account paying 6% compounded annually to cover the cost of a $15,000 engagement ring for your fiance?


Approximately how many years must one wait for an initial investment of $10,000 to triple in value if the investment earns 9% compounded annually?


During one year on a $250 deposit paying continuously compounded interest at an APR of 8%, how much interest can be accumulated?

 

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