Compound Interest and Continuously Compounded

Semi-Annually means how many times a year?

• 4 
• 2
• 1
• 6

Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Riley earn in 15 years?

• $1,584.62
• $2,651.39
• $2,706.86
• $1,825.10

Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.

• $15,415.94
• $15,683.28
• $15,927.56
• $16,109.05

Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.

• $2794.10
• $2738.11
• $2774.98
• $2807.11

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

Approximately what interest rate would be needed in order to grow and investment of $1400 to $2500 in 10 years if the interest was compound monthly?

• 5.96%
• 5.84%
• 5.81%
• 5.88%

Given an investment of$ 1,500:
Which investment would have a larger balance after 5 years?
Option 1 - 4% compounded monthly
Option 2 - 3.9% compounded daily. 

• Option 1
• Option 2

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

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

The poplulation of Eden is growing continuously at a rate of 1.9%. If the current population is 15,230, about how many years to reach 20,000?

• 31
• 2
• 15
• 68