#19

1.

Algebra 2: Continuous Compounded Interest

Kim invests $4000 at 3% interest compounded continuously. How much will she have in 4
years?

2. Dale invests $3500 at 2% interest compounded continuously for 5 years. How much will
he have in his account after 5 years?

3. Chelsea put $7500 into an account paying 5% interest compounded continuously. She
now has $10,643.01. How long has the money been in the account?

4. Ashley put some money into an account paying 4.5% interest compounded continuously
for 10 years. She now has $3567.91 in the account. How much money did she start the
account with?

5. Jen invested $6000 for 12 years in an account that compounds interest continuously.
What is the interest rate if she now has $12,000 in the account?

6. Jimmy invests $10,000 at 3% interest compounded continuously. He presently has

$20,000 in the account. How long has the account been active? (round to the nearest
tenth)

7. Zoe wants to triple her money. She puts the money into an account paying 5% interest
compounded continuously. How long will it take for her to triple her money? (round to the
nearest tenth)

8. Tim wants to double his money. He put $5000 in a bank account that pays 4% interest
compounded continuously. How long will it take? (round to the nearest tenth)

9. Georgia wants to quadruple her money. The account pays 4% interest compounded
continuously. How long will it take? (round to the nearest tenth)