Name ______________________Date ____________Score ____ / 12
Compound and continuous interest practice
Compound and continuous interest · 1–12
Find the balance. Round to the nearest cent.
1.$6,800 is invested at 5.7% interest compounded twice a year. Find the balance after 8 years.
2.$5,400 is invested at 4.4% interest compounded monthly. Find the balance after 8 years.
3.$2,600 is invested at 7.8% interest compounded twice a year. Find the balance after 3 years.
4.$8,500 is invested at 3.6% interest compounded twice a year. Find the balance after 10 years.
5.$5,800 is invested at 7.7% interest compounded monthly. Find the balance after 13 years.
6.$9,800 is invested at 7.3% interest compounded twice a year. Find the balance after 10 years.
7.$6,600 is invested at 1.2% interest compounded quarterly. Find the balance after 14 years.
8.$4,300 is invested at 2.5% interest compounded twice a year. Find the balance after 4 years.
9.$1,200 is invested at 6.7% interest compounded quarterly. Find the balance after 9 years.
10.$5,500 is invested at 6.8% interest compounded twice a year. Find the balance after 13 years.
11.$4,200 is invested at 2% interest compounded twice a year. Find the balance after 14 years.
12.$6,500 is invested at 1.3% interest compounded twice a year. Find the balance after 13 years.
Answer key — Compound and continuous interest practice
Compound and continuous interest
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