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Algebra Word Problem Solver solves many types of Compound Interest word problems.
Compound Interest Word Problem Solver Example: Find Future Value given Present Value, Interest rate, Time Period and Compounding. See Other Compound Interest Word Problem Examples solved by the Algebra Word Problem Solver.
- Find Compound Interest
- Find Compound Interest Time to Double
- Find Compound Interest Amount
- Find Compound Interest Rate
- Find Compound Interest Present Value
- Continuously Compounded Interest
What You Enter
Find the slope of a line through the points (-8,16) and (-4,-4).
What You Get
Let A = Final Amount
Let P = Principle
Let r = Rate
Let t = Time
Let n = Interest periods per year
Given: P = $1000
Given: r = 6%
Given: n = 12
Given: T = 3 YEARS
nt
A = P(1+r/n)
12*3
A = 1000(1+0.06/12)
36
A = 1,000(1+0.005)
A = 1000 * 1.19668
A = $1,196.68
Solution: A = $1,196.68
