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Compound Interest/Exponential Growth-Decay

Authored by Rachel Michaelis

Mathematics

9th - 12th Grade

CCSS covered

Used 2+ times

Compound Interest/Exponential Growth-Decay
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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Your 3 year investment of $20,000 received 5.2% interest compounded annually.  What is your total return?

$23,285.05
$3,285.05
$2,385
$32,285

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

You borrowed $59,000 for 2 years at 11% which was compounded annually.  What total will you pay back?

$13,693.90
$1,363.90
$72,693.90
$73,793.90

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSA.SSE.B.4

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Change 6.75% to a decimal.

67.5
.675
675
.0675

Tags

CCSS.5.NBT.A.3

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Bruno was given $2000 when he turned 3 years old.  His parents invested it at a 2% interest rate compounded annually.  No deposits or withdrawls were made.  Which expression can be used to determine how much money Bruno had in the account when he turned 16? 

2000(1+0.02)13
2000(1-0.02)13
2000(1+0.02)16
2000(1-0.02)16

Tags

CCSS.HSF.BF.A.2

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

An initial investment of $800 is compounded continuously at a 2.5% interest rate. Find the value after 10 years.

$1027.22

$9746

$1024.07

$876.70

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.B.5

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The value of a car purchased for $15,000 is decreasing at 19% per year. Find the value of the car in 5 years.

$3579.53

3.71 years

$35795.30

$5230.18

Tags

CCSS.HSF.BF.A.2

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The population of armadillos is increasing by 3.1% per year. The initial population is 4000 armadillos. Find the number of armadillos in 9 years

45447 armadillos

5265 armadillos

5219 armadillos

105758489 armadillos

Tags

CCSS.HSF-LE.A.1C

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