(03/04) ALG 2 Unit 5B:Solving Exponential & Logs Application

(03/04) ALG 2 Unit 5B:Solving Exponential & Logs Application

Multiple Choice

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

Multiple Choice

Your shiny new boat cost $7650. The depreciation for your boat is 14% per year. Estimate the value of your vehicle in 3 years. What is the equation that models this problem?

• y= 7650(.14)³

• y= 7650(.86)³

• y= 7650(1+.86/1)^3*1

Multiple Choice

Compounded Continuously Invested $400 at a rate of 35% for 8 months

• $520.07

• 505.12

• $460.11

• $7,643.74

What's Next??

• Complete the homework assignment by Monday (03/08)!! It will open after 4th Period!!

• There will be a quiz on Monday!!

• Unit 5B Test will be given next Wednesday (03/10)!!

• Please complete ALL missing graded assignments ASAP!!

• Grades will be updated by the end of the day!

• Unit 4B & 5A Test Retakes will open at the end of TODAY!!! Check email & remind for more details to come!!

• ANY QUESTIONS/CONCERNS??