Continuous Compound Formula

Continuous Compound Formula

9th - 12th Grade

12 Qs

quiz-placeholder

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Continuous Compound Formula

Continuous Compound Formula

Assessment

Quiz

Mathematics

9th - 12th Grade

Practice Problem

Easy

CCSS
7.RP.A.3, 8.EE.C.7B

Standards-aligned

Created by

Rachelle Dobbins

Used 1+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What does the principal represent in compound interest calculations?

interest rate

initial amount of money or investment

final amount of money or investment

time period

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the formula for continuously compounded interest?

A = P * (1 + r)^t

A = P * e^(rt)

A = P * (1 + rt)

A = P * (1 - r)^t

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Change 6.75% to a decimal.

67.5
.675
675
.0675

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Change 13% to a decimal.

1.3

.013

13

.13

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?

$1,225,54
$2,225.54
$22,255.40
$225.54

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

If $1,000 is invested at 16% interest, compounded continuously, for ten years, what is the ending balance?

$1,225,54

$4,953.03

$22,255.40
$225.54

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