Algebra 2A Unit 8 Review

Front

Back

Front

What is the formula for continuous compounding interest?

Back

Front

If Sarah invests $250 at an annual interest rate of 3% compounded continuously, how much will her investment be worth after 28 years?

Back

Her investment will be worth approximately $579.

Front

What is the equation that models the amount of money in Daniel's account after t years if he deposits $4,000 at an annual interest rate of 4.25%?

Back

Front

How do you calculate the amount in a continuously compounding account after a certain number of years?

Back

Front

Back

The value is approximately $2,180.

Front

What does the variable 't' represent in the continuous compounding formula?

Back

The variable 't' represents the time in years.

Front

What is the principal amount if Brenna invests $8,000 at an annual interest rate of 3.5% compounded continuously?

Back

The principal amount is $8,000.

Front

What is the approximate value of Brenna's investment after 5 years?

Back

Brenna's investment will be worth approximately $9,530.

Front

What is the annual interest rate if Mrs. Saumweber's account has a rate of 11%?

Back

The annual interest rate is 11%.