Mr. Bouey's Simple, Compound and Continuous Interest Quiz

Anne deposited $500 in an

account that earns 6% simple annual interest.

Shelly deposited $500 in an account that earns 6% annual interest

compounded annually. They leave the

money in the account for 4 years. Which

statement is true about the two investments after 4 years?

• Shelly will have $131.24 more in her account

  than Anne has in her account.

• They will have the same

  amount in their accounts.

• Shelly will have $11.24 more

  in her account than Anne has in her account.

• Anne will have $11.24 more in

  her account than Shelly has in her account.

If you invest $5,000 into an account paying 6% interest compounded continuously, how many years will it take until there is $8,000 in the account?

• 7.83 years

• 6.83 years

• 9.67 years

• 8.67 years

Tags

CCSS.HSF.LE.A.4

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

HINT: Enter your answer like this: $6,543.21

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

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
HINT: Enter your amount like this: $76,543.21

The population of Eden is growing continuously at a rate of 1.9%. If the current population is 15,230, and a prophet determines that in 20 years the population will be 25,000, which of the following choices is true?

The prophet​ (a)   estimated their predicted population by 2,730 people

• over
• under

Tags

CCSS.HSF-LE.A.1C

The Arnold's took out a loan for $195,000 to purchase a home. At 4.3% interest rate compounded annually, how much will they have paid after 30 years?

• $412,749.79
• $529.305.61
• $689,546.99
• $640,891.53

Tags

CCSS.HSF-LE.A.1C

Andy invests $500 into an account with 4.8% interest, compounded monthly.
How much will be in the account in 10 years?

HINT: Enter your amount like this: $543.21

At 4% annual interest compounded quarterly, how long will it take to double your money?

• 0.4 yrs

• 16.4 yrs

• 17.4 yrs

• 18.4 yrs

Tags

CCSS.HSF.LE.A.4

The principal is $1,200. Interest is compounded monthly at a rate of 8%.
How many years does it take for the total amount to reach $2,000?

HINT: Round to the nearest tenth

Tags

CCSS.HSF.LE.A.4