12.9 Compound and Continuous Interest

You invested $52,400 at 6% compounded annually for 5 years. What is your total return on this investment?

• $15, 546

• $16, 890

• $17,723

• $20,150

Tags

CCSS.HSF-LE.A.1C

You borrowed $10,400 for 4 years at 12.7% and the interest is compounded semi-annually. What is the total you will pay back?

• $17,018

• $17,945

• $18,347

• $18,867

Your investment of $5,300 earns 2.9% and is compounded weekly. How long until it is worth $20,000?

• 44.807 years

• 45.807 years

• 46.807 years

• 47.807 years

Tags

CCSS.HSF.LE.A.4

You invested $100 at 8.2% compounded continuously for 7 years. How much will your $100 be worth in 7 years?

• $150.24

• $163.87

• $170.13

• $177.54

Your investment of $18,100 is at 13.6% compounded monthly. How long until the investment is doubled?

• 5.125 years

• 6.534 years

• 7.487 years

• 8.75 years

Tags

CCSS.HSF.LE.A.4

You invested your inheritance of $15,000 into a continuously compounded savings account for 20 years. How much is in the savings account at the end if the interest rate is 6.5%?

• $50,039

• $55,039

• $60,039

• $65,039