What is the formula used to calculate the final amount in an account with monthly compounding interest?

Population Growth and Exponential Functions

Interactive Video
•
Mathematics, Science
•
9th - 12th Grade
•
Hard

Mia Campbell
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A = P(1 + rt)
A = P(1 + r/n)^(nt)
A = Pe^(rt)
A = P(1 + r)^t
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If an account is compounded continuously, which formula should be used to calculate the final amount?
A = P(1 + rt)
A = P(1 + r)^t
A = Pe^(rt)
A = P(1 + r/n)^(nt)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long will it take for an investment to double if compounded monthly at a 7% annual interest rate?
12 years
7 years
9.95 years
5 years
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the initial population of dogs on the island in 2010?
200
400
100
300
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
By what percentage does the dog population increase each year?
4%
7%
5%
6%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In what year will the dog population reach 1000?
2037
2040
2025
2030
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If bacteria doubles every 20 minutes, how many times will it double in 5 hours?
12 times
18 times
10 times
15 times
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