# Math Practice Topic: Continuous Compound Interest

 Description: Calculate continuous compound interest given a balance, rate, and time. Adaptive Learning Progression: Numbers get bigger. Start using MathScore for free

## Sample Levels (out of 3)

Answer the following questions involving continuously compounded interest. Input all answers to the nearest dollar. Use 2.7 as the value for e.

 1 Interest Rate: 2% per year Starting Balance: \$1870Time Passed: 14 years What is the new total balance? How much interest has accrued if calculated as continuously compounded interest?   Total balance:   Interest: 2 Interest Rate: 3% per year Starting Balance: \$1090Time Passed: 13 years What is the new total balance? How much interest has accrued if calculated as continuously compounded interest?   Total balance:   Interest: 3 Interest Rate: 6% per year Starting Balance: \$1830Time Passed: 10 years What is the new total balance? How much interest has accrued if calculated as continuously compounded interest?   Total balance:   Interest:

Answer the following questions involving continuously compounded interest. Input all answers to the nearest dollar. Use 2.7 as the value for e.

 1 Interest Rate: 6% per year Starting Balance: \$7900Time Passed: 48 months What is the new total balance? How much interest has accrued if calculated as continuously compounded interest?   Total balance:   Interest: 2 Interest Rate: 3% per year Starting Balance: \$5680Time Passed: 96 months What is the new total balance? How much interest has accrued if calculated as continuously compounded interest?   Total balance:   Interest: 3 Interest Rate: 1% per year Starting Balance: \$3730Time Passed: 156 months What is the new total balance? How much interest has accrued if calculated as continuously compounded interest?   Total balance:   Interest: