You deposited $50 into a bank that offers 2.5% interest for 30 years. A: What is simple interest B. What is compound interest, compounded monthly  C. Compounded continuously

At the birth of their child, how much should a couple invest to have $20,000 on the child's 18-th birthday, if interest is paid at 8% per year, compounded quarterly? *

An investment offers an interest rate of 4% compounded quarterly. Kamala invested an amount of $X in that investment. After 6 years, the value of Kamala's investment is 8,500. What was the initial investment $X of Kamala? a. $315.12 b. $10,792.74 c. $6,686.34 d. $6,694.31 e. $400.12

$3,000 is invested for 18 months compounded at the interest rate of 0.75% every month. Give your answer correct to the nearest cent, wherever necessary. a. Calculate the final value of this investmentb. What is the increase in value obtained in part (a) as against investing the same amount for same time at same rate but at simple interest.