Name ______________________Date ____________Score ____ / 12
Compound and continuous interest practice
Compound and continuous interest · 1–12
Find the balance. Round to the nearest cent.
1.$3,900 is invested at 4.9% interest compounded monthly. Find the balance after 9 years.
2.$4,600 is invested at 6.2% interest compounded twice a year. Find the balance after 13 years.
3.$5,900 is invested at 7.3% interest compounded twice a year. Find the balance after 7 years.
4.$1,700 is invested at 3.4% interest compounded quarterly. Find the balance after 8 years.
5.$6,400 is invested at 7.1% interest compounded quarterly. Find the balance after 3 years.
6.$1,500 is invested at 5.5% interest compounded monthly. Find the balance after 9 years.
7.$4,200 is invested at 4% interest compounded monthly. Find the balance after 2 years.
8.$5,300 is invested at 4.1% interest compounded monthly. Find the balance after 5 years.
9.$3,600 is invested at 4.2% interest compounded twice a year. Find the balance after 9 years.
10.$7,900 is invested at 4.9% interest compounded monthly. Find the balance after 13 years.
11.$1,200 is invested at 2.5% interest compounded monthly. Find the balance after 2 years.
12.$9,600 is invested at 7.2% interest compounded twice a year. Find the balance after 2 years.
Answer key — Compound and continuous interest practice
Compound and continuous interest
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