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Continuous & Compound Interest Practice

Authored by SALOME WALLACE-EL

Mathematics

6th - 12th Grade

CCSS covered

Used 37+ times

Continuous & Compound Interest Practice
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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?

$1,225,54
$2,225.54
$22,255.40
$225.54

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.B.5

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

P = 26,000 | Rate = 2.4% | 4 years | Compounded Continuously | Amount owed???

$2,496
$28,496
$3,406,924
$28,619.74

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.B.5

CCSS.HSA.SSE.A.1

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?

$1,225,54
$2,225.54
$22,255.40
$225.54

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.LE.B.5

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Compounded Continuously an investment of  $400 at a rate of 35% for 2 years

$280
$680
$1,034.47
$805.50

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?

$1,225,54
$2,225.54
$22,255.40
$225.54

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.LE.B.5

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A colony of termites is growing continuously at a rate of 6.2% monthly. If the colony starts with 500, how many would there be in one year?

1.02 E 35 (huge amount)
1052
246375
532

Tags

CCSS.HSF-LE.A.1C

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

P = 26,000 | Rate = 2.4% | 4 years | Compounded Continuously | Amount owed???

$2,496
$28,496
$3,406,924
$28,619.74

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.B.5

CCSS.HSA.SSE.A.1

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