# Math Practice Topic: Compound Interest

 Description: Calculate 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 compound interest. Input all answers to the nearest dollar

 1 Interest Rate: 8% annually Starting Balance: \$120Time Passed: 14 years How much interest has accrued if calculated as compound interest? What is the new total balance?   Interest:   Total balance: 2 Interest Rate: 9% monthly Starting Balance: \$179Time Passed: 11 months How much interest has accrued if calculated as compound interest? What is the new total balance?   Interest:   Total balance: 3 Interest Rate: 10% monthly Starting Balance: \$145Time Passed: 2 months 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: 3% weekly Starting Balance: \$996Time Passed: 14 weeks How much interest has accrued if calculated as compound interest? What is the new total balance?   Interest:   Total balance: 2 Interest Rate: 7% annually Starting Balance: \$307Time Passed: 13 years How much interest has accrued if calculated as compound interest? What is the new total balance?   Interest:   Total balance: 3 Interest Rate: 9% monthly Starting Balance: \$660Time Passed: 14 months How much interest has accrued if calculated as compound interest? What is the new total balance?   Interest:   Total balance: