Continuous and Compound Interest

• The time

• The total amount

• The number of times compounded per year

• The interest rate

• The time

• The total amount

• The number of times compounded per year

• The interest rate

• The time

• The total amount

• The principal amount (original amount)

• The interest rate

• The time

• The total amount

• The principal amount (original amount)

• The interest rate

Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, what is the correct equation to use to find out how much interest will she earn in 10 years?

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 correct equation to use?

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

• $1,225,54
• $2,225.54
• $22,255.40
• $225.54

Courtney saved up $2,200 working as a waitress over the summer. She put this money into a bank account that earned 5.2% interest and is compounded daily. How much will she have in her account at the end of 4 years?

• $2201.25
• $2694.55
• $2707.45
• $2708.63

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

• $12712.31
• $12,749.30
• $12,657.59
• $12550.84

A colony of termites is growing continuously at a rate of 6.2% monthly. If the colony starts with 500, how many would there be in one year?

• 1.02 E 35 (huge amount)
• 1052
• 246375
• 532

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