Compound Interest and Continuously Compounded

Quiz
•
Mathematics
•
9th Grade
•
Hard
Anthony Clark
FREE Resource
15 questions
Show all answers
1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Damara invests $3500 at 2% compounded continuously for 5 years. How much will she have in her account after 5 years?
2.
MULTIPLE CHOICE QUESTION
1 min • 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
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Adam invests $5,208 in a savings account with a fixed annual interest rate of 8% compounded continuously. What will the account balance be after 8 years?
$9,876.87
$10,699.49
$9,489.59
$8,803.91
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the t stand for in this formula?
time in weeks
time in months
time in years
the number of times interest is compounded per year
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Jessica invests $3,948 in a savings account with a
fixed annual interest rate of 9% compounded continuously. What will the account balance be after 11 years?
$8,786.44
$10,056.40
$10,624.99
$8,357.92
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Sumalee invests $6,227 in a savings account with a
fixed annual interest rate of 8% compounded continuously. What will the account balance be after 6 years?
$10,685.57
$11,011.00
$10,369.77
$10,063.30
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Chelsea invests $2,709 in a savings account with a
fixed annual interest rate of 8% compounded continuously. What will the account balance be after 6 years?
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