Types of Compound Interest — Quiz Answers

Nash has deposited his bonus into an account that grows with continuous compounding interest. What will be the total amount after 7 years? A=P⁢e^r⁢t principal amount ( P ): $6,000 annual interest rate ( r ): 2.5% or 0.025 time ( t ): 7 years Enter your answer in the box, rounding to two decimal places.

Marilyn deposits $1,755 in a bank offering an annual interest rate of 5.68% If the interest is compounded continuously and Marilyn keeps the money in the bank for 4 years, how much will Marilyn have at the end of the period? A=P⁢e^r⁢t

Tiffany invests $2,200 in a fixed deposit at an annual interest rate of 3.5% compounded semiannually. What will be the total amount after 1.8 years? A=P⁢(1+(r)/(n))^n⁢t Enter your answer in the box.

Zayan invests $3,300 in a growth fund that yields an annual interest rate of 6.5% compounded annually. What will the fund be worth after 2.75 years? A=P⁢(1+(r)/(n))^n⁢t Enter your answer in the box.

Winston invests $6,000 at an annual rate of 3.2% compounded semiannually. What will be the value of the investment after 1.6 years? A=P⁢(1+(r)/(n))^n⁢t

[This is the stem.] Ivanna has decided to invest some money in a bank that offers continuous compounding interest. How much will be in the account after 10 years? A=P⁢e^r⁢t principal amount ( P ): $1,000 annual interest rate ( r ): 5% or 0.05 time ( t ): 10 years Enter your answer in the box, rounding to two decimal places.

Shaniya puts $5,000 into a certificate of deposit with a 2.5% annual interest rate, compounded quarterly. What will the balance be after 1.25 years? A=P⁢(1+(r)/(n))^n⁢t

Leandro puts $1,200 in an investment fund with an annual rate of 7% compounded monthly. After 2.8 years, what will be the fund's worth? A=P⁢(1+(r)/(n))^n⁢t

Wyatt deposits $⁢1,500 in a bank offering an annual interest rate of 4.75% If the interest is compounded continuously and Wyatt keeps the money in the bank for 3 years, how much will Wyatt have at the end of the period? A=P⁢e^r⁢t

Zendaya deposits $4,125 in a bank offering an annual interest rate of 2.35% If the interest is compounded continuously and Zendaya keeps the money in the bank for 1 year, how much will Zendaya have at the end of the period? A=P⁢e^r⁢t