Online Lesson #11 for grade 11 students.

Watch the video on Compound Interest and try the questions attached.  Remember this is money so round to 2 decimal places.

https://youtu.be/LInzUdsjXvQ

I am not providing the answer key but I will give you the first two answers here so you can ensure you are on the right track.  Please show your work - write out the formula, fill in the formula with the numbers and then write the answer.

1.  A = $64,069.24 and I = 7369.24

2.  FV = $5,078.44 and I = 678.44