
Compound Interest/Exponential Growth-Decay
Authored by Rachel Michaelis
Mathematics
9th - 12th Grade
CCSS covered
Used 2+ times

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15 questions
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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?
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?
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.
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?
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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