Term Three Exponential Summative

A bank offers a nominal rate of 1.1% compounded monthly. If you initially deposit $1, how much money will you have in ten years?

• $2.98

• $1.12

• $1.01

• $1.00

Tags

CCSS.HSF-LE.A.1C

A Dodge Charger Daytona was bought in 1969 for $6,000. In 2015 it was sold for $90,000. What was the Charger's annual growth rate assuming that it grew exponentially?

• 127.95%

• 1.0606%

• 32.6%

• 6.06%

A virus grows at an hourly rate of 0.38%. What is its daily growth rate?

• 9.53%

• 0.9605%

• 9.12%

• 1.095%

Tags

CCSS.HSF-LE.A.1C

One investment pays 6.8% interest, compounded daily, and another pays 6.8%, compounded continuously. If you start with $133,000 in both banks, how much more money will you earn with the account that is compounded continuously after one year?

• $313.68

• $9.04

• $2,451,648.32

• $93,548.62

$600 is deposited into an account that offers 2.5% compounded monthly. How much money would be in the account if you were to leave it there for 60 years?

• $2,684.82

• $2,639.87

• $679.80

• $2,237.36

Tags

CCSS.HSF-LE.A.1C

An isotope has a half life of 25 hours. How much of the isotope will be left in 5 days if you begin with 2 grams?

• 0.973 grams

• 1.74 grams

• 1.028 grams

• 0.072 grams

Tags

CCSS.HSF.LE.A.4

The points (-6, 10) and (4, 388) are coordinates of an exponential function. What is the equation of this function?

• y = 38.8(10)^x

• y = 89.8(1.44173)^x

• y = 10(1.44173)^x

• y = 10(1.16054)^x

Tags

CCSS.HSF.LE.A.2

Your grandma puts money into an account for you on your 12th birthday. Four years later, the account is worth $3240. If the account pays 1.35% compounded continuously, how much did your grandma initially deposit?

• $3,070

• $3,197

• $167,599

• $12,786

Tags

CCSS.HSF.LE.A.4

A town’s population is 12,204. It grows exponentially at a constant rate for eighteen years at which point its population is 14,035. What is the town’s annual growth rate?

• 14.03%

• 1.007796%

• 15%

• 0.78%

You are given $1,200 to invest. You have to make sure that the $1,200 grows to the highest amount it can be in exactly 1 year. How do you do it?

• Compound annually

• Compound continuously

• Compound monthly

• Compound weekly