Exponential Growth Compound Interest
Authored by Anthony Clark
Mathematics
11th Grade
CCSS covered
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11 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An investment of $9,875 earns 4.8% interest compounded monthly over 12 years. Approximately how much INTEREST is earned on the investment?
$7,457.95
$10,359.57
$17,546.55
$484.57
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Will deposits $1650 for three years at 3% interest, compounded daily. What is his ending balance?
$1,700.25
$4,056.85
$2,103.87
$1,805.38
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You have inherited land that was purchased for $30,000. The value of the land increased by approximately 5% per year. What is the approximate value of the land 51 years later?
$344,022
$31,500
$15,000
$28,500
Tags
CCSS.HSF-LE.A.1C
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The number of mosquitoes at the beginning of the summer was 4,000. The population of mosquitoes is expected to grow at a rate of 25% a month. How many mosquitoes will there be after 4 months?
9766
9006
9765
5433
Tags
CCSS.HSF.BF.A.2
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The population of a bacterial culture grows at a rate of 4.5% every hour. If there were 200 bacteria at the start, how many bacteria are present after 10 hours?
250
300
310
370
Tags
CCSS.HSF.LE.A.4
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
More and more people are purchasing food from farmers' markets. As a consequence, a market researcher predicts that the number of farmers' markets will increase by 15% each year. If there are 6,200 farmers' markets this year, how many will there be in 10 years? (Round to the nearest whole number if necessary).
25,082
12,937
62,000
43,511
Tags
CCSS.HSF-LE.A.1C
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Suppose you buy Patti the Platypus beanie baby for $6,000. She appreciates 11% every year. How much will she be worth in 7 years? Round to the hundredth. Do not type the $ symbol.
Tags
CCSS.HSF.BF.A.2
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