What was the initial amount Tabu invested in the savings account?

Exponential Growth and Investment Analysis

Interactive Video
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Mathematics
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9th - 12th Grade
•
Hard

Liam Anderson
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$6,000
$2,000
$4,000
$8,000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the interest rate of Tabu's savings account?
5.0%
4.5%
3.5%
4.1%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which year does T equal 9 in the context of Tabu's investment?
2011
2025
2015
2020
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the approximate accrued value of Tabu's investment in 2020?
$2,530.80
$10,530.50
$12,530.80
$1,614.06
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the target accrued value for which we need to determine the year?
$2,530.80
$10,530.50
$12,530.80
$1,614.06
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in solving the exponential equation for T?
Add 2,000 to both sides
Multiply both sides by 6,000
Subtract 2,000 from both sides
Divide both sides by 1.41
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which mathematical concept is used to solve the exponential equation for T?
Geometry
Trigonometry
Algebra
Logarithms
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