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Continuously Compounded Interest
Flashcard
•
Mathematics
•
11th Grade
•
Practice Problem
•
Hard
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
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1.
FLASHCARD QUESTION
Front
What does the 'r' stand for in the continuously compounded interest formula?
Back
Rate as a decimal.
2.
FLASHCARD QUESTION
Front
If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?
Back
$2,225.54.
3.
FLASHCARD QUESTION
Front
What does the 't' stand for in the continuously compounded interest formula?
Back
Time in years.
4.
FLASHCARD QUESTION
Front
Convert 3.5% to a decimal.
Back
.035.
5.
FLASHCARD QUESTION
Front
Damara invests $3500 at 2% compounded continuously for 5 years. How much will she have in her account after 5 years?
Back
$3,868.10.
6.
FLASHCARD QUESTION
Front
What is the formula for continuously compounded interest?
Back
A = Pe^(rt), where A is the amount, P is the principal, r is the rate, and t is the time.
7.
FLASHCARD QUESTION
Front
How do you convert a percentage to a decimal?
Back
Divide the percentage by 100.
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