Exponential Equations and Applications

Change 32% into a decimal.

• 32
• 3.2
• .32
• .032

Convert 3% to a decimal.

• .03
• .30
• .05
• .06

Convert 3.5% to a decimal.

• 3.5
• 350
• .35
• .035

Mr. T invested $15,000 in an account that pays 5% interest compounding continuously, how much is in the account after 5 years? 

• $15,500.50
• $19,260.38
• $19,260.40
• $21,500.25

What does the P stand for in this formula?

• Initial amount

• Final amount

• Rate

• Time

• The number of times compounded per year.

Tags

CCSS.HSF-IF.C.8B

What does the r stand for in this formula?

• Rate as a percent

• Rate as a decimal

• number of times interest is compounded

What does the t stand for in this formula?

• time in weeks

• time in months

• time in years

• the number of times interest is compounded per year

Sumalee invests $6,227 in a savings account with a

fixed annual interest rate of 8% compounded continuously. What will the account balance be after 6 years?

• $10,685.57

• $11,011.00

• $10,369.77

• $10,063.30

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