(1) Find the compound amount of L.

E4500 invested for 8 years and

6 months at:
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Answer

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(2) On July,10, 2011 L.E 7500 was invested in a bank at8 %(4).
How much in this fund on October, 10, 2014.

Answer

10/7/2011 10/10/2014

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(3) An education fund worth L.E 6580 was invested at 6% (12) on a

child's 12th birthday 2/22/94. How much in the fund when the
18-years old youth goes off to college in August? How much
interest did the fund earn?

Answer

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(4) A person invests L.E 2000 for 2 years at 8%.find the amount if
a- Money compounded quarterly
b- Money compounded monthly
c- Money compounded daily (use360 days/year)
Answer

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(5) A person owes L.E6000 to a firm charging 8% compounded

semiannually. Find the amount which he owes in 2.5 years and
find the compound interest he paid.
Answer

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(6) On February 2, 2005, Tarek buys a L.E 10000 CD that matures
on August 2, 2010 at 9 % (2). Find the worth of the CD when it
matures.

Answer

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(7) When Mohamed has born, his grandfather bought him a L.E 250
saving bond that paid 5 %. When Mohamed started at college at
age 18, he cashed in the saving bond. How did Mohamed get?

Answer

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(8) If home values are growing at 4% per year, how much will an
L.E100000 home be worth at 14 years?

Answer

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(9) An L.E5000 saving bond paying 8% (4) is bought on September
30, 2004 and mature on December 31, 2010. Find its value at
maturity.

Answer

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(10) A man has L.E.75 per month deposited in his company's credit
union. His credit union pays 7.5%(12) on employees 'deposit.
What will his account be worth in 5 years?

Answer

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(11) A man begins an education fund for his daughter depositing LE.125 on
March 15, 2001. If he continues to make quarterly payments of
LE.125 and the fund pays 6%(4), what amount is available when the
payment is made on September 15, 2019?

Answer

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(12) A man starts at age 40 to deposit LE.2000 in his fund per year until
age 65. How much will be in his fund at that time? Assume the stock
market yields 11.5 %(1) on the long run.

Answer

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(13) For a sum of money to double in 8 years, at what rate must it

compound quarterly?
Answer

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(14) If the population of a city increased from 23,480 in 1990 to 24,650

in 2008, what was the annual rate of increase?
Answer

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(15) A fund increased 85% during the last 5 years. Find the annual
compounded rate of increase.

Answer

If the original principal was P, then the balance in the fund after 5
years is expressed by:

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(16) A fund increased 175% during a 10-year period. Find the semiannual
compounded rate of increase.

Answer

If the original principal was P, then the balance in the fund after 5
years is expressed by:

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(17) To the nearest period, how long will it take LE.5500 to grow to
L.E.8000 at 7%(12)?

Answer

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(18) How long it will take L.E.2600 to grow to at least LE.5000 at

6.5%(4)?

Answer

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