3rd Block Continuously Compounded Interest HW

If $1,000 is invested at 6% interest, compounded continuously, for three years, what is the ending balance?

• $1,225,54

• $2,225.54

• $1,197.22

• $225.54

Change 21.99% into a decimal.

• 22

• 2199

• .2199

• .02199

Convert 70% to a decimal.

• .07
• .70
• .007
• .01

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

Convert 3% to a decimal.

• .03
• .30
• .05
• .06

Tags

CCSS.7.NS.A.2

CCSS.7.RP.A.3

Mr. T invested $15,000 in an account that pays 5% interest compounding continuously, how much is in the account after 5 years? 

• $15,500.50
• $19,260.38
• $19,260.40
• $21,500.25

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

How long would it take $7,000 to grow to $35,000 at 6% compounded continuously?

• 27.6 years

• 27.1 years

• 26.0 years

• 26.8 years

Chelsea put $7500 into an account paying 5% compounded continuously. She now has $10,643.01. How long has the money been in the account?

• 7 years

• 6 years

• 5 years

• 4 years

Tags

CCSS.HSF.LE.A.4

What does the A stand for in this formula?

• Initial Value

• Future Value

• Rate

• Time

• The number of times compounded per year

When would we use this formula? A = Pe ^rt

• interest increases by fixed amount
• compound interest 
• compound continuously 
• decreases by fixed percent

Log with a base "e" (log_e) is the same thing as...

• e

• Natural Logarithm (ln)

• Common Logarithm (log)

• log₁₀

Tags

CCSS.HSF.BF.B.5