Exponential Growth and Compound Interest
Authored by Anthony Clark
Mathematics
11th Grade
CCSS covered
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15 questions
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1.
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
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.
$15,415.94
$15,683.28
$15,927.56
$16,109.05
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Is y = 5(1.04)x growth or decay?
growth
Decay
Tags
CCSS.HSF-IF.C.8B
4.
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?
46,704.79
38,246.28
51,248.84
49,283.93
Tags
CCSS.HSF.BF.A.2
5.
MATH RESPONSE QUESTION
1 min • 1 pt
Mathematical Equivalence
ON
Tags
CCSS.HSF-LE.A.1C
6.
MATH RESPONSE QUESTION
1 min • 1 pt
Wyatt invested $8,000 into an account that earns 10% interest. How much money will he have in 15 years if the interest is compounded quarterly? Round to 2 Decimal places and NO dollar sign($).
Mathematical Equivalence
ON
7.
MATH RESPONSE QUESTION
1 min • 1 pt
Mathematical Equivalence
ON
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