
Compound Interest and Growth
Authored by Andrew Allen
Mathematics
9th Grade
CCSS covered
Used 5+ times

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12 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Which of the following functions shows an initial amount of $15 and an increase of 35% each year?
Tags
CCSS.HSF.LE.A.2
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Suppose you deposit $3000 in a savings account that pays interest at an annual rate of 4%. If no other money is added or withdrawn from the account, how much will be in the account after 10 years?
Tags
CCSS.HSA.CED.A.1
CCSS.HSF.LE.A.2
CCSS.HSF.BF.A.1
CCSS.HSF.BF.A.2
CCSS.HSF.LE.A.1
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?
Tags
CCSS.HSF-LE.A.1C
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded annually, how much total will she earn in 10 years?
$4915.59
$3933.28
$2979.81
$3992.78
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What does the a in y=a(1+r)x represent?
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
$150
$192
$1350
$1400
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Write an equation that models the following situation:
Samantha's hair was known to grow very rapidly. It began at a length of 6 in and grew at a rate of 14% a week.
y=6(0.14)x
y=6(1+14)x
y=6(1.14)x
y=6(0.86)x
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