
Continuous Interest and Euler's Number

Interactive Video
•
Mathematics
•
9th - 12th Grade
•
Hard
Standards-aligned

Jackson Turner
FREE Resource
Standards-aligned
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating the amount in an account with continuous interest?
A = P(1 + rt)
A = P * (1 + r)^t
A = P * e^(rt)
A = P(1 + r/n)^(nt)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Euler's number approximately equal to?
1.41421
1.61803
2.71828
3.14159
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you invest $2,500 at 4% continuous interest, what will the balance be after 4 years?
$2,800.00
$2,933.78
$2,950.00
$3,000.00
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the first example, what is the decimal representation of a 4% interest rate?
0.04
0.4
0.004
4.0
Tags
CCSS.HSF.LE.A.4
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long will it take for $4,000 to grow to $6,000 at 6% continuous interest?
7.2 years
6.5 years
5.5 years
6.76 years
Tags
CCSS.HSF.BF.A.2
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the second example, what is the principal amount?
$4,000
$5,000
$6,000
$3,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the continuous interest rate in the third example?
4%
6%
5%
5.5%
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