Compound Interest and Exponential Functions

Quiz
•
Mathematics
•
9th Grade
•
Hard
+2
Standards-aligned
Anthony Clark
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
McGee won a cat competition that had given him the 1st place reward of 400.00 dollars. Mr. Orso took McGee to the bank to get McGee an account with a 10% continuously compounded interest rate when depositing the 400 dollars. How much money will McGee have after 1 year of that investment? (Round to the nearest dollar)
$450
$109
$442
$115
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Given the graphed exponential function, which ordered pair represents the y-intercept?
(2,0)
(0,2)
(-4,0)
(0, -4)
Tags
CCSS.HSF-IF.C.7E
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Growth, because the factor term is greater than 1
Growth, because the factor term is less than 1
Decay, because the factor term is greater than 1
Decay, because the factor term is less than 1
Tags
CCSS.HSF-IF.C.8B
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Would Euler's Number, e, be considered a variable or constant?
Variable, because it's a letter and letters in math are variables.
Constant, because Euler's number has a set value of approximately 2.718281
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Find the balance in the account after the given period.
$5000 deposit earning 1.5% compounded quarterly after 3 years
$5,229.70
$7,604.38
$7,777.27
$5,538.86
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Matt earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually (n=1). What will be his balance after 15 year?
$827.52
$831.10
$839.45
$846.80
7.
MATH RESPONSE QUESTION
1 min • 1 pt
$6500 is invested in a bank account that earns 2.6% interest, compounded monthly. Write an expession that represents the amount of money in the accout after 5 years.
Mathematical Equivalence
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