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Continuously Compounded Interest
Authored by Judy Harris
Mathematics
11th Grade
CCSS covered
Used 2+ times
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6 questions
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1.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
2.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
3.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
Tags
CCSS.HSF.LE.A.4
4.
FILL IN THE BLANK QUESTION
2 mins • 1 pt
Kimi invests $4,000 at 3% interest compounded continuously. How much money will she have in 4 years?
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
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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