The compound interest formula contains four variables. This worksheet helps students to solve all four – Amount, Principle, Interest Rate and Time Period. To solve for the time period, students will see the need and practical use for logs. In this worksheet we look at exponents, logarithms and its real-life practical application called financial mathematics.
Solving equations, changing the subject of the formula, literal equations.
Amount, principle, interest rate, simple interest, compound interest, interest compounded yearly, interest compounded monthly, interest compounded daily.