Compound and Continuous Interest/Exponential Functions Review

Front

Karissa deposits $150 in an account paying 2% annual interest compounded monthly. How much will be in her account after 4 years?

Back

$162.48

Front

Anthony deposits $1000 in an account that pays 1.25% interest compounded continuously. How much will be in his account after 3 years?

Back

$1038.21

Front

Rylan deposits $500 in an account with 3% annual interest compounded quarterly. How much will be in his account after 2 years?

Back

$530.80

Front

Tristan deposits $1200 in an account with 2% annual interest compounded continuously. How long to reach $1800? Options: about 15.9 years, about 16.7 years, about 18.5 years, about 20.3 years.

Back

about 20.3 years

Front

Brenn needs to raise $1000 dollars to buy a car. She has $960 in an account with 3% annual interest compounded monthly. How long will it take to have enough? Options: about 0.68 years, about 0.82 years, about 1.36 years, about 1.83 years.

Back

about 1.36 years

Front

The value of a car purchased for $20,000 decreases at a rate of 12% per year. What will be the value of the car after 3 years?

Back

$13,629.44

Front

Voting in Pokemon Go's annual community day elections has been decreasing by 5% from one election to the next. If 912 citizens voted this year, how many will vote 3 years from now?

Back

782 citizens.

Front

Equation to project Canalave Town's population decline of 10% per year from 74,000 in x years?

Back

y = 74,000 (0.90)^x

Front

Equation to project research papers published in x years, given a 5% annual increase from 30,010 papers.

Back

y = 30,010 (1.05)^x

Front

Population of Winnemucca, Nevada in 1990 modeled by P=6191(1.04)^t where t is the number of years since 1990.

Back

6191 people