3/26 AMDM: INTEREST COMPOUND & CONTINUOUSLY COMPOUNDED

If $25,000 is deposited into a new account that earns 2% interest compounded quarterly, how much money will be in the acount in 15 years? Round answer to the nearest cent (2 decimal places).

Tags

CCSS.HSF-LE.A.1C

Eric invested $500 in a savings account that earnst 6.25% interest compounded monthly. What is the total amount in his account in 5 years? Round answer to the nearest cent (2 decimal places).

Molly deposted $1200 into a new account in January 2007 that earns 3.75% interest compounded annually. Find the total balance in the account in January 2019. Round answer to the nearest cent (2 decimal places).

Susie won $250 from earning 1st place in a karaoke contest. She invested the money in an account that earns 5.4% interest compounded weekly. How much money will be in the account in 30 years? Round answer to the nearest cent (2 decimal places).

Sean sold his car for $9000. He deposited the money into an account that earns 8% interest compounded semi-annually. How much money will he have in the account in 30 months? Round answer to the nearest cent (2 decimal places).

Jack invested $4800 in an account that earns 2.5% compounded continuously. What will the account balance be if he leaves the money in the account for 7 years? Round answer to the nearest cent (2 decimal places).

Elijah received $1500 in gift money when he graduated from college. He placed his money in a savings account that earned 2.45%, compounded quarterly. Find the total account balance in 8 years. Round answer to the nearest cent (2 decimal places).

On the day he was born Benji's grandmother deposited $200 into an account that earns 7.5% interest compounded daily. If no more deposits or withdrawals are made, how much money will be in the account on Benji's 18th birthday? Round answer to the nearest cent (2 decimal places).

Tags

CCSS.HSF-LE.A.1C

On her 18th birthday, Shannon deposited $500 into an account that earns 4.7% interest compounded continuously. What will the account balance be on her 65th birthday? Round answer to the nearest cent (2 decimal places).

Nancy deposited $850 into a bank account that earns 5.9% interest compounded continuously. Find the total amount in the account in 27 months. Round answer to the nearest cent (2 decimal places).