Compound Interest, Compound Continuously, Growth and Decay and Exponential Functions

You invested $1000 in a savings account in 2014. The account pays 5% annual interest compounded continuously. How much money would be in the account now?

• $20,085.54

• $1349.86

• $1340.10

• $134.99

A population of 236,000 grows 1.3% per year. What will be population in 3 years?

• 245,324 people

• 340,523 people

• 155,406 people

• 226,915 people

Tags

CCSS.HSF-LE.A.1C

Each hour after you drink Mountain Dew, the amount of caffeine in your system decreases by about 8.5%. If there is 100 mg in your system after 2 hours, how many milligrams does the Mountain Dew have originally?

• 117.72

• 83.72

• 119.44

• 150

When you originally bought your house it was worth $426, 650. The value of the home will appreciate at a rate of 2% each year. How much will it be worth in 10 years?

• $349,713.11

• $522,618.89

• $520, 083.97

• $348, 604.11

Tags

CCSS.HSF.BF.A.2

You deposit $975 in an account that pays 5.5% annual interest compounded continuously. What is the balance after 6 years?

• $26,434.82

• $1251.36

• $2711

• $1356.19

You deposit $1800 in an account that pays 4.5% annual interest compounded continuously. What is the balance after 4 months?

• $292,958,624.60

• $1773.47

• $1826.93

• $10889.37