3/26 AMDM: INTEREST COMPOUND & CONTINUOUSLY COMPOUNDED
Quiz
•
Mathematics
•
12th Grade
•
Practice Problem
•
Hard
Standards-aligned
Dorothy Cowan
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13 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 8 pts
If $25,000 is deposited into a new account that earns 2% interest compounded quarterly, how much money will be in the acount in 15 years? Round answer to the nearest cent (2 decimal places).
Tags
CCSS.HSF-LE.A.1C
2.
FILL IN THE BLANK QUESTION
1 min • 8 pts
Eric invested $500 in a savings account that earnst 6.25% interest compounded monthly. What is the total amount in his account in 5 years? Round answer to the nearest cent (2 decimal places).
3.
FILL IN THE BLANK QUESTION
1 min • 8 pts
Molly deposted $1200 into a new account in January 2007 that earns 3.75% interest compounded annually. Find the total balance in the account in January 2019. Round answer to the nearest cent (2 decimal places).
4.
FILL IN THE BLANK QUESTION
1 min • 8 pts
Susie won $250 from earning 1st place in a karaoke contest. She invested the money in an account that earns 5.4% interest compounded weekly. How much money will be in the account in 30 years? Round answer to the nearest cent (2 decimal places).
5.
FILL IN THE BLANK QUESTION
1 min • 8 pts
Sean sold his car for $9000. He deposited the money into an account that earns 8% interest compounded semi-annually. How much money will he have in the account in 30 months? Round answer to the nearest cent (2 decimal places).
6.
FILL IN THE BLANK QUESTION
1 min • 7 pts
Jack invested $4800 in an account that earns 2.5% compounded continuously. What will the account balance be if he leaves the money in the account for 7 years? Round answer to the nearest cent (2 decimal places).
7.
FILL IN THE BLANK QUESTION
1 min • 8 pts
Elijah received $1500 in gift money when he graduated from college. He placed his money in a savings account that earned 2.45%, compounded quarterly. Find the total account balance in 8 years. Round answer to the nearest cent (2 decimal places).
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