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Check it outCompound Interest (Continuously)  Problem 6 547 views
This problem looks at what interest rate you need to get a certain amount of money after a certain amount of years in an account with continuously compounding interest. The word "continuous" tells you that you're using "e" as your base, so in order to solve for the rate in the exponent, you'll be using the natural log. Remember to write your rate as a percent rather than as a decimal. If you get stuck, try writing the equation in log form instead of exponential form.
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Compound Interest (Continuously)
Problem 1 5,616 viewsInvest $3000 at 4% interest compounded continuously.
How much will you have after 4 years? 
Compound Interest (Continuously)
Problem 2 4,739 viewsInvest $5000 at 5% interest compounded continuously.
How long will it take to double? 
Compound Interest (Continuously)
Problem 3 3,989 viewsYou invest $2000 at 5% interest compounded monthly. After two years you switch your money to an account that gives 6% compounded continuously.
How much money do you have 10 years after your initial investment? 
Compound Interest (Continuously)
Problem 4 490 views 
Compound Interest (Continuously)
Problem 5 460 views 
Compound Interest (Continuously)
Problem 6 546 views 
Compound Interest (Continuously)
Problem 7 526 views 
Compound Interest (Continuously)
Problem 8 515 views
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