Compound Interest and Continuously Compounded
Authored by Barbara White
Mathematics
12th Grade
CCSS covered
Used 4+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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.
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