Compound Continuous

• Compounded n times a year

• Compounded continuously

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

• $225.54

• $1225.54

• $2225.54

• $22255.40

If you invest $5,000 into an account paying 6% interest compounded continuously, how many years will it take until there is $8,000 in the account?

• 8.67 years

• 9.67 years

• 7.83 years

• 6.83 years

Ashleigh put some money into an account paying 4.5% compounded continuously for 10 years. She now has $3567.91 in the account. How much money did she start the account with?

• $2275

• $2572

• $3275

• $2725

Dash puts $4125 into an account using compounded continuously. If he keeps the money in the account for 5 years and now has a total of $4193.89. What is the interest rate?

• 0.052%

• 0.025%

• 0.053%

• 0.033%

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?

• 5 years

• 7 years

• 6 years

• 4 years