Name ______________________Date ____________Score ____ / 12
Compound and continuous interest practice
Compound and continuous interest · 1–12
Find the balance. Round to the nearest cent.
1.$7,300 is invested at 7.5% interest compounded yearly. Find the balance after 12 years.
2.$2,300 is invested at 4.7% interest compounded yearly. Find the balance after 7 years.
3.$6,000 is invested at 6.9% interest compounded yearly. Find the balance after 14 years.
4.$7,000 is invested at 1.9% interest compounded yearly. Find the balance after 7 years.
5.$4,200 is invested at 7.1% interest compounded yearly. Find the balance after 12 years.
6.$8,000 is invested at 2.7% interest compounded yearly. Find the balance after 10 years.
7.$5,500 is invested at 6.3% interest compounded yearly. Find the balance after 8 years.
8.$5,400 is invested at 7% interest compounded yearly. Find the balance after 15 years.
9.$9,800 is invested at 7% interest compounded yearly. Find the balance after 2 years.
10.$3,100 is invested at 3.9% interest compounded yearly. Find the balance after 14 years.
11.$5,300 is invested at 2.1% interest compounded yearly. Find the balance after 10 years.
12.$5,100 is invested at 6.7% interest compounded yearly. Find the balance after 2 years.
Answer key — Compound and continuous interest practice
Compound and continuous interest
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