Math Practice Topic: Compound Interest

Description: Calculate compound interest given a balance, rate, and time.

Adaptive Learning Progression: Numbers get bigger.

Sample Levels (out of 3)

Answer the following questions involving compound interest. Input all answers to the nearest dollar

1.
Interest Rate: 9% annually
Starting Balance: $167
Time Passed: 13 years
How much interest has accrued if calculated as compound interest?
What is the new total balance?

  Interest:
  Total balance:
2.
Interest Rate: 10% monthly
Starting Balance: $192
Time Passed: 4 months
How much interest has accrued if calculated as compound interest?
What is the new total balance?

  Interest:
  Total balance:
3.
Interest Rate: 3% weekly
Starting Balance: $185
Time Passed: 4 weeks
How much interest has accrued if calculated as compound interest?
What is the new total balance?

  Interest:
  Total balance:

Answer the following questions involving compound interest. Input all answers to the nearest dollar

1.
Interest Rate: 1% daily
Starting Balance: $669
Time Passed: 4 days
How much interest has accrued if calculated as compound interest?
What is the new total balance?

  Interest:
  Total balance:
2.
Interest Rate: 4% monthly
Starting Balance: $730
Time Passed: 7 months
How much interest has accrued if calculated as compound interest?
What is the new total balance?

  Interest:
  Total balance:
3.
Interest Rate: 6% monthly
Starting Balance: $925
Time Passed: 15 months
How much interest has accrued if calculated as compound interest?
What is the new total balance?

  Interest:
  Total balance:

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