Compound and Continuous Interest/Exponential Functions Review

Karissa deposits $150 in an account paying 2% annual interest compounded monthly. How much will be in her account after 4 years?

• $151.00

• $155.37

• $160.15

• $162.48

Tags

CCSS.HSF.LE.A.2

CCSS.HSF.LE.A.1

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

Anthony deposits $1000 in an account that pays 1.25% interest compounded continuously. How much will be in his account after 3 years?

• $1014.67

• $1038.21

• $2,003.11

• $42521.08

Tags

CCSS.HSF.LE.A.2

CCSS.HSF.LE.A.1

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSA.SSE.A.1

Rylan deposits $500 in an account with 3% annual interest compounded quarterly. How much will be in his account after 2 years?

• $530.80

• $530.45

• $527.13

• $529.98

Tags

CCSS.HSF.LE.A.2

CCSS.HSF.LE.A.1

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSA.SSE.A.1

The value of a car purchased for $20,000 decreases at a rate of 12% per year. What will be the value of the car after 3 years?

• $12,800.00

• $13,629.44

• $17,600.00

• $28,098.56

Tags

CCSS.HSF.BF.A.2

Due to its weakening steel industry, Canalave Town has been experiencing a population decline of 10% every year. The current population is 74,000 people. Assuming the trend continues, which equation projects the population in x years?

• y = 74,000 (0.10)^x

• y = 74,000 (0.90)^x

• y = 74,000 (1.10)^x

• y = 74,000 (1.90)^x

Tags

CCSS.HSF.LE.A.2

The population of Winnemucca, Nevada, can be modeled by P=6191(1.04)^t where t is the number of years since 1990. What was the population in 1990? 

• 0 people

• 104 people

• 1040 people

• 6191 people

Tags

CCSS.HSF.LE.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.LE.B.5

CCSS.HSF.IF.A.2

The population of Winnemucca, Nevada, can be modeled by P=6191(1.04)^t where t is the number of years since 1990. What percent did the population increase each year?

• 4%
• 96%

• 40%

• 400%

Tags

CCSS.HSF-LE.A.1C

You have inherited land that was purchased for $30,000 in 1960. The value of the land increased by approximately 5% per year. What is the approximate value of the land in the year 2011?

• $361,223

• $315,500

• $305,431

• $288,589

Tags

CCSS.HSF.BF.A.2

An adult takes 400 mg of ibuprofen. Each hour, the amount of ibuprofen in the person’s system decreases by about 29%. How much ibuprofen is left after 6 hours? 

• 51 mg
• 284 mg
• 1843 mg
• 116 mg

Tags

CCSS.HSF.LE.A.4

Your new computer cost $1500 but it depreciates in value by about 18% each year. How much will your computer be worth in 6 years? (Round to the nearest cent.)

• $456.01

• $556.98

• $778.22

• $332.63

Tags

CCSS.HSF-LE.A.1C