Continuous Interest
Authored by Jacquelyn Bonafede
Mathematics
11th Grade
CCSS covered
Used 6+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded continuously. What will be his balance after 15 years?
$141,962.02
$831.10
$839.93
$846.80
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.A.1
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much INTEREST will she earn in 10 years?
$915.59
$933.28
$979.81
$1,005.09
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.3
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
P=12,000, r=11.9%
Find about how long it would take to triple to money. (Round to the nearest WHOLE year)
9.3 years
9 years
12 years
7 years
Tags
CCSS.HSF.LE.A.4
4.
FILL IN THE BLANKS QUESTION
15 mins • 1 pt
How much will you have if you invest $4000 at a continuous interest rate of 5.1% for 7 months? Round to the nearest cent (2nd decimal place)
(a)
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSF.LE.B.5
CCSS.HSN.Q.A.1
CCSS.HSN.Q.A.2
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Dash puts $3,563 into an account using compounded continuously. If he keeps the money in the account for 5 years and now has a total of $10,689. What is the INTEREST RATE?
22%
5%
0.22%
16.7%
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.4
6.
FILL IN THE BLANKS QUESTION
15 mins • 1 pt
George Springer received $100,000 for an investment that accrued 4.2% interest continuously for 6 years. About how much money did Springer ORIGINALLY invest? (Round to the nearest penny)
(a)
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.LE.A.4
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.1
7.
FILL IN THE BLANKS QUESTION
15 mins • 1 pt
How much was your original investment if you have $5000 after 9 months compounded continuously at 9.25%? Round to the nearest cent (2nd decimal place).
(a)
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.LE.A.4
CCSS.HSF.BF.A.1
CCSS.HSF.BF.B.5
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