4. Exponential and Logarithmic
Compound And Continuous — Quiz
Test your understanding of compound and continuous with 5 practice questions.
Practice Questions
Question 1
An investment of $1,000$ earns $5\%$ annual interest compounded quarterly. What is the future value of the investment after $4$ years?
Question 2
A population of rabbits grows continuously at a rate of $4\%$ per month. If the initial population is $300$ rabbits, what will be the approximate population after $6$ months?
Question 3
If an investment doubles in $10$ years with continuous compounding, what is the approximate annual interest rate?
Question 4
Which of the following statements accurately describes the effect of increasing the compounding frequency in discrete compound interest?
Question 5
An initial deposit of $$\$2,000$ is made into an account with an annual interest rate of $4.5\%$ compounded monthly. What is the value of the investment after $5$$ years?