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?

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Int math 3
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?
Transcribed Image Text:Int math 3 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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