Compound Interest and Exponential Functions

Compound Interest and Exponential Functions

9th Grade

20 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-IF.C.7E, HSF-IF.C.8B, HSF.LE.B.5

+2

Standards-aligned

Created by

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

Media Image

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

ON

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