# Simple and Compound Interest (Math Problem Sample)

This sample is about Simple and Compound Interest. It includes a series of math problems on Simple and Compound Interest. The sample has a series of questions on applying these concepts in real-life situations, such as calculating interest earned over a given period or determining the total amount of money accrued through compound interest.

source..Your Name

Supervisor Name

Course Name

Due Date

Simple and Compound Interest

Simple Interest Formula:Compound Interest Formula:(Interest is only earned on principal) (interest is earned on principal and any accumulated interest)

I = PRTA=P 1+rnnt

I = amount of interest earned A = amount in the account, including interest and principal

P = principal or amount of loanP = principal or amount of loan or investment

R = annual interest rate, decimal formr = annual interest rate, decimal form

T = time, in yearsn = number of compounds per year

t = time, in years

Use the given formulas to answer the following questions.

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