
Compound Interest and Solving Exponents
Authored by Anthony Clark
Mathematics
10th Grade
CCSS covered

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14 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Your $54,200 2 year car loan is at 15.1% compounded annually. What will you have paid for your car after 2 years?
$62,693.15
$62,384.20
$71,804.21
$341,465.42
2.
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
Tags
CCSS.HSF-LE.A.1C
3.
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
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Avery deposits $8000 in a one year CD at 3.2% interest, compounded daily. What is Avery's ending balance?
$8,528.72
$8,000.70
$8,256.00
$8,260.13
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How much money do you need to invest at 2.8% compounded continuously in order to have $25,500 at the end of 8 years? Round your answer to the nearest dollar
$20,383
$2,715
$27,147
$2,038
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Solve: 98-x = 27x-3
x = 5
x = -5
x = 1/5
x = -1/5
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually.
Which exponential equation can be used to find how much money Karla will earn in 15 years?
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