Exponential Growth: Word Problems & Compound Interest Quiz

Quiz
•
English, Mathematics
•
9th Grade
•
Hard
Standards-aligned
Anthony Clark
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A bank offers a savings account with an annual interest rate of 5% compounded annually. If you deposit $1,000, how much money will you have in the account after 3 years?
1157.63
1200.00
1100.50
1050.25
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A population of bacteria doubles every 4 hours. If you start with 500 bacteria, how many will there be after 12 hours?
8000
1000
4000
2000
Tags
CCSS.HSF.LE.A.4
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You invest $2,000 in a fund that earns 6% interest compounded quarterly. How much will you have after 5 years?
2500.00
3000.00
2693.71
2800.50
Tags
CCSS.HSF-LE.A.1C
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A car's value depreciates by 15% each year. If the car is currently worth $20,000, what will its value be after 2 years?
$12,000
$14,450
$16,000
$18,000
Tags
CCSS.HSF.BF.A.2
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A certain species of fish in a lake grows at a rate of 10% per year. If there are currently 1,000 fish, how many will there be after 5 years?
1611
2000
1200
1500
Tags
CCSS.HSF.BF.A.2
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You take out a loan of $5,000 with an interest rate of 8% compounded annually. How much will you owe after 4 years?
7500.00
6802.45
6000.00
5000.00
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A tree grows at a rate of 7% per year. If the tree is currently 10 feet tall, how tall will it be after 3 years?
10.7 feet
9.5 feet
12.25 feet
14 feet
Tags
CCSS.HSF.BF.A.2
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