Int math 3 Exponential word problems part 2 1) DeShawn invests $8,809 in a savings account with a fixed annual interest rate of 3% compounded continuously. What will the account balance be after 6 years?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
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Name
Exponential word problems part 2
Date
Peric
1) DeShawn invests $8,809 in a savings
account with a fixed annual interest rate of
2) Kim invests $1,870 in a savings account
with a fixed annual interest rate of 8%
3% compounded continuously. What will
the account balance be after 6 years?
compounded continuously. What will the
account balance be after 12 years?
3) Mark invests a sum of money in a savings
account with a fixed annual interest rate of
4) Mark invests a sum of money in a savings
account with a fixed annual interest rate of
3% compounded continuously. After 6
years, the balance reaches $6,497.30.
What was the amount of the initial
3% compounded continuously. After 4
years, the balance reaches $5,001.58.
What was the amount of the initial
investment?
investment?
5) Kathryn invests $3,085 in a retirement
6) Ashley invests $2,584 in a savings
account with a fixed annual interest rate of
account with a fixed annual interest rate of
8% compounded continuously. How long
will it take for the account balance to
8% compounded continuously. How long
will it take for the account balance to
reach $13,020.85?
reach $4,175.94?
7) Jessica invests $7,862 in a savings account
8) Jessica invests $6,805 in a retirement
account with a fixed annual interest rate
with a fixed annual interest rate
compounded continuously. After 6 years,
the balance reaches $12,705.58. What is
the interest rate of the account?
compounded continuously. After 13
years, the balance reaches $11,446.20.
What is the interest rate of the account?"
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