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Continuously Compounded Interest
Authored by Sean Sisson
Mathematics
11th Grade
CCSS covered
Used 121+ times
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23 questions
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1.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Kimi invests $4,000 at 3% interest compounded continuously. How much money will she have in 4 years?
(a)
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.A.1
2.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Dash invested $10,000 at 3% interest compounded continuously. How much will he have after 8 years?
(a)
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.3
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Damara invests $3500 at 2% compounded continuously for 5 years. How much will she have in her account after 5 years?
(a)
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSF.LE.B.5
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.1
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.1
CCSS.HSN.Q.A.1
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Willie invests $8,515 in a retirement account with a fixed annual interest rate of 5% compounded continuously. What will the account balance be after 20 years?
$22,017.32
$23,146.17
$20,021.95
$20,943.52
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.LE.A.3
CCSS.HSF.LE.A.4
CCSS.HSF.BF.B.5
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