Compound Interest and Continuously Compounded

Compound Interest and Continuously Compounded

9th Grade

15 Qs

quiz-placeholder

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Compound Interest and Continuously Compounded

Compound Interest and Continuously Compounded

Assessment

Quiz

Mathematics

9th Grade

Hard

Created by

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

Media Image

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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