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Assignment 1 . 1 : Interest ( continued ) A principal of $ 2 0 0 0 is invested for two years at 1 0

Assignment 1.1: Interest (continued)
A principal of $2000 is invested for two years at 10 percent compounded semi-
annually. Complete the following chart to calculate the interest earned. (5 marks)
a) Using the compound interest formula, solve question 3.(1 mark)
b) Is your answer the same using the chart and the compound interest formula?
(1 mark)
Using the compound interest formula, calculate both the value of the investment and
the interest earned after the given time periods.
a) $4000.00 for five years at 7% compounded semi-annually (1 mark)
b) $600.00 for 10 years at 9% compounded monthly (1 mark)
c) $2500.00 for two years at 8% compounded daily (1 mark)
Assignment 1.1: Interest (continued)
d) $100,000.00 for four years at 12% compounded just need help with question 5
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