Continuous Compound Interest

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

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.BF.A.1

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

• $799.06
• $520.36
• $807.26
• $877.61

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

Mr. T invested $15,000 in an account that pays 5% interest compounding continuously, how much is in the account after 5 years? 

• $15,500.50
• $19,260.38
• $19,260.40
• $21,500.25

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.BF.A.1

CCSS.HSF.LE.B.5

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

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.BF.A.1

Anjali invests a sum of money in a retirement account with a fixed annual interest rate of 6.79% compounded continuously. After 20 years, the balance reaches $14,037.16. What was the amount of the initial sum of money?

• $ 3000

• $3610

• $ 4500

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.LE.A.4

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

Huong invests $8,589 in a retirement account with a fixed annual interest rate of 7% compounded continuously.How long will it take for the account balance to reach $21,337.85?

• 15 years

• 13 years

• 10 years

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.LE.A.4

CCSS.HSF.BF.B.5

Adam invests $6,139 in a retirement account with a fixed annual interest rate compounded continuously. After 17 years, the balance reaches $8,624.97. What is the interest rate of the account?

• 5%

• 3%

• 4%

• 2%

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.4

CCSS.HSF.BF.B.5