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Mathematics

11th Grade

CCSS covered

Used 2+ times

Continuously Compounded Interest
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6 questions

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1.

FILL IN THE BLANKS QUESTION

45 sec • 1 pt

The formula below can be used to determine the total amount of money in a savings account. What is the interest rate as a percent?

A=3250e0.062⋅8A=3250e^{0.062\cdot8}  



(a)  

2.

FILL IN THE BLANKS QUESTION

45 sec • 1 pt

The formula below can be used to determine the total amount of money in a savings account. What was the initial amount of money deposited in the account?

A=3250e0.062⋅8A=3250e^{0.062\cdot8}  



(a)  

3.

FILL IN THE BLANKS QUESTION

45 sec • 1 pt

The formula below can be used to determine the total amount of money in a savings account. How long was the money left in the account?

A=3250e0.062⋅8A=3250e^{0.062\cdot8}  



(a)  

Tags

CCSS.HSF.LE.A.4

4.

FILL IN THE BLANKS QUESTION

2 mins • 1 pt

Kimi invests $4,000 at 3% interest compounded continuously. How much money will she have in 4 years?

(a)  

5.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Twelve years ago, your grandma put money into a savings account for you that earns 7.5% interest annually and is continuously compounded. How much money is currently in your account if she initially deposited $10,000 and you have not taken any money out?

$8,103

81,030

21,170

24,596

$10,778

Answer explanation

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6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Find the initial value of an investment if the future value is $9519.87 after 5 years at a rate of 8.79% compounded continuously.

$9855.71

$6134.21

$14774.19

$6322.93

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