Compound Annually and Continuous

Compound Annually and Continuous

11th Grade

38 Qs

quiz-placeholder

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Compound Annually and Continuous

Compound Annually and Continuous

Assessment

Quiz

11th Grade

Medium

CCSS
HSF-IF.C.8B, HSF.LE.A.2, HSF-LE.A.1C

+4

Standards-aligned

Created by

Michaela Alcott

Used 7+ times

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38 questions

Show all answers

1.

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

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

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

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

5.

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

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Your 3 year investment of $20,000 received 5.2% interest compounded annually.  What is your total return?

$23,285.05
$3,285.05
$2,385
$32,285

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

You borrowed $59,000 for 2 years at 11% which was compounded annually.  What total will you pay back?

$13,693.90
$1,363.90
$72,693.90
$73,793.90

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