Exponential Growth, Decay, and Interest

Exponential Growth, Decay, and Interest

9th Grade

20 Qs

quiz-placeholder

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Exponential Growth, Decay, and Interest

Exponential Growth, Decay, and Interest

Assessment

Quiz

Mathematics

9th Grade

Hard

Created by

Anthony Clark

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How long will it take for the value of an initial investment of $1200 compounded continuously at a 5.6% interest rate to reach $2000.

9.57 years

9.04 years

9.12 years

.091 years

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An investment of $500 earns 3% interest compounded monthly. Find how many years it will take for the account to be $800.

15.95 years

15.69 years

15.90 years

15.72 years

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An initial investment of $1000 is deposited in an account with a 1.2% interest rate, compounded quarterly. Find the value after 15 years.

$1045.96

$1196.89

$15180.81

$5891.60

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An initial investment of $1000 is deposited in an account with a 1.2% interest rate, compounded annually. In how many years will the account reach $1500?

34.04 years

33.99 years

3.72 years

3.58 years

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of function is f(x)=2(1/7)x ?

Exponential Growth

Linear

Exponential Decay

None of the Abovee

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the growth factor of the situation represented by f(x)=10(0.3)x?

10

0.3

1

3

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Exponential Growth

Linear

Exponential Decay

None of the Abovee

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