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The Hundred Penny Box
Visual 2: Watching Money Grow - Answer Key
| A |
B |
C |
D |
E |
| Year |
Beginning Amount |
Interest rate |
Annual Interest
(B x C) |
End-of-Year Amount
(B + D) |
| |
| 1 |
$10,000.00 |
0.06 |
$600.00 |
$10,600.00 |
| 2 |
$10,600.00 |
0.06 |
$636.00 |
$11,236.00 |
| 3 |
$11,236.00 |
0.06 |
$674.16 |
$11,910.16 |
| 4 |
$11,910.16 |
0.06 |
$714.61 |
$12,624.77 |
| 5 |
$12,624.77 |
0.06 |
$757.49 |
$13,382.26 |
| 6 |
$13,382.26 |
0.06 |
$802.94 |
$14,185.19 |
| 7 |
$14,185.19 |
0.06 |
$851.11 |
$15,036.30 |
| 8 |
$15,036.30 |
0.06 |
$902.18 |
$15,938.48 |
| 9 |
$15,938.48 |
0.06 |
$956.31 |
$16,894.79 |
| 10 |
$16,894.79 |
0.06 |
$1,013.69 |
$17,908.48 |
|
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