Logarithm Word Problem Worksheet

                     Lesson 1

Problem:   Trans invested $26672 in a twenty year CD that pays out 15.75 percent compounded annually .

what is the amount that will be in the account after fifteen year?

Solution     compound amount = P + (1+R/100)ⁿ

                                                            Step 1:                         

Solution     compound amount = 26672 + (1+15.75/100)¹⁵

Step 2:

Solution     Answer: $ 212588.37                                     

Step 3:                                                           

Complete    

                                                            Try two practice problems:  

1	Claudia borrowed $2235 from Zane 11 months ago. Today, Billy paid Zack back $5224. What is the annual interest rate that Billy paid?
2	Bommie has a savings bond that will be worth $3450 in even years. The bond has an interest rate of 12% that is compounded semiannually. What is the percent value of the bond?

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