Precalculus Honors Name___________________________________

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compound interest 2 Date________________

1) Julio invests $7,395 in a retirement 2) Jimmy invests $2,936 in a retirement
account with a fixed annual interest rate of account with a fixed annual interest rate of
2% compounded 3 times per year. How 5% compounded 2 times per year. How
long will it take for the account balance to long will it take for the account balance to
reach $10,799.97? reach $7,141.92?

3) Jessica invests $3,427 in a retirement 4) Beth invests $4,715 in a retirement

account with a fixed annual interest rate of account with a fixed annual interest rate of
6% compounded 4 times per year. How 2% compounded continuously. How long
long will it take for the account balance to will it take for the account balance to
reach $7,888.83? reach $6,758.15?

5) James invests $6,253 in a retirement 6) Darryl invests $4,141 in a savings account

account with a fixed annual interest rate of with a fixed annual interest rate of 4%
7% compounded continuously. How long compounded continuously. How long will
will it take for the account balance to it take for the account balance to reach
reach $17,868.89? $6,429.76?

7) Imani invests $4,362 in a savings account 8) Beth invests $8,791 in a retirement

with a fixed annual interest rate of 8% account with a fixed annual interest rate of
compounded continuously. How long will 4% compounded continuously. How long
it take for the account balance to reach will it take for the account balance to
$9,707.81? reach $16,018.25?

Worksheet by Kuta Software LLC

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 Precalculus Honors Name___________________________________
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compound interest 2 Date________________

1) Julio invests $7,395 in a retirement 2) Jimmy invests $2,936 in a retirement
account with a fixed annual interest rate of account with a fixed annual interest rate of
2% compounded 3 times per year. How 5% compounded 2 times per year. How
long will it take for the account balance to long will it take for the account balance to
reach $10,799.97? reach $7,141.92?
19 years 18 years
3) Jessica invests $3,427 in a retirement 4) Beth invests $4,715 in a retirement
account with a fixed annual interest rate of account with a fixed annual interest rate of
6% compounded 4 times per year. How 2% compounded continuously. How long
long will it take for the account balance to will it take for the account balance to
reach $7,888.83? reach $6,758.15?
14 years 18 years
5) James invests $6,253 in a retirement 6) Darryl invests $4,141 in a savings account
account with a fixed annual interest rate of with a fixed annual interest rate of 4%
7% compounded continuously. How long compounded continuously. How long will
will it take for the account balance to it take for the account balance to reach
reach $17,868.89? $6,429.76?
15 years 11 years
7) Imani invests $4,362 in a savings account 8) Beth invests $8,791 in a retirement
with a fixed annual interest rate of 8% account with a fixed annual interest rate of
compounded continuously. How long will 4% compounded continuously. How long
it take for the account balance to reach will it take for the account balance to
$9,707.81? reach $16,018.25?
10 years 15 years

Worksheet by Kuta Software LLC

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