BUSINESS Name

MATH_x000D_USING EXCEL
_______________________________x000D__x000D_Date ______________________________

A B
1 Chapter 10 - Practice 06
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3 Original Principal $1,300.00
4 Rate 12%
5 First Year’s Interest
6 Base Amount for Next Year
7 Second Year’s Interest
8 Compound Amount
9 Compound Interest
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11 Directions:
1. In Cell B5, enter the formula =B3*B4 to
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calculate the interest for the first year.
2. In Cell B6, enter the formula =SUM(B3,B5) to
calculate the new amount. [Click AutoSum and
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click on Cell B3. Key , (comma) and click on
Cell B5. Press Enter.]
3. In Cell B7, enter the formula =B6*B4 to calculate
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the interest for the second year.
4. In Cell B8, enter the formula =SUM(B6,B7) to
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compute the Compound Amount.
5. In Cell B9, enter the formula =B8-B3 to compute
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the Compound Interest.
6. Format dollar amounts for Currency, 2 Decimal
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places, and $.
18 7. Save the file as ch10pr06a.xlsx.
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