Compound Interest and Exponential Functions

Compound Interest and Exponential Functions

9th Grade

10 Qs

quiz-placeholder

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Compound Interest and Exponential Functions

Compound Interest and Exponential Functions

Assessment

Quiz

Mathematics

9th Grade

Hard

CCSS
HSF-LE.A.1C, HSF-IF.C.7E

Standards-aligned

Created by

Anthony Clark

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A collectible car has been going up in price by 10% each year. If the car is already worth $29,000, how much will the car be worth in 5 years?

$0.29

$2,900,000,000

$46,704.79

$145,000

Tags

CCSS.HSF-LE.A.1C

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Linear, exponential, or neither?

Linear

Exponential

Neither

All of the above

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Jacob borrows $500 from Abraham and agrees to have the loan compounded annually for 5 years with an interest rate of 2.5%. How much will the total amount be that Jacob owes?

$565.70

$262609.38

$65.70

$630.20

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Given an investment of $1,500:
Which investment would have a larger balance after 5 years?

4% compounded monthly

3.9% compounded daily.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is the x-intercept of the exponential function? 

(0,1)

(0,0)

There is not one

Tags

CCSS.HSF-IF.C.7E

6.

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

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What amount would need to be invested at 4% interest compounded quarterly in order to have $4500 in 5 years?

$5490.86

$3366.58

$3687.95

$3903.18

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