Exponential Functions and Compound Interest

Exponential Functions and Compound Interest

9th Grade

20 Qs

quiz-placeholder

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Exponential Functions and Compound Interest

Exponential Functions and Compound Interest

Assessment

Quiz

Mathematics

9th Grade

Practice Problem

Hard

CCSS
HSF-LE.A.1C, HSF.BF.A.2

Standards-aligned

Created by

Anthony Clark

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Find the total amount in the account to the nearest cent if the interest is compounded annually.

$2750 at 8% for 2 years

$2200

$3207.60

$8910

$3222.06

Tags

CCSS.HSF-LE.A.1C

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much will she have in her account in 10 years?

$4915.59

$3933.28

$2979.81

$4005.09

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If $400 is invested at 35% interest, compounded continuously, for 2 years, what is the ending balance?

$280

$680

$1,034.47

$805.50

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?

$1,225,54

$2,225.54

$22,255.40

$225.54

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

20 years

18 years

21 years

19 years

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Ash has $8,000 in a savings account. The interest rate is 3% compounded semi-annually .

To the nearest cent, how much will he have in his account in 4 years?

$9,004.07

$2,2848.80

$9,011.94

$8,242.71

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

$32, 437.47

$35,247.45

$29,675.20

$38,296.96

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