Compound Interest & growth/decay

Which of the following functions shows an initial amount of $15 and an increase of 35% each year?

• y = 15(35)^x
• y = 15(1.35)^x
• y = 15(0.35)^x
• y = 35(1.15)^x

Tags

CCSS.HSF.LE.A.2

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 If no other money is added or withdrawn from the account, how much will be in the account after 10 years?

• $3122.18
• $4994.50
• $4440.73
• $86,776.40

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.BF.A.2

A population of fish starts at 8,000 and decreases by 6% per year. What is the population of fish after 10 years?

• 14327
• 4309
• 839
• 7680

Tags

CCSS.HSF-LE.A.1C

What does the model P=A(1+r)^t best represent?

• Exponential growth
• Simple Interest
• Compound Interest
• Exponential Decay

Tags

CCSS.HSF-IF.C.8B

What type of function is f(x)=2(1/7)^x ?

• Exponential Growth
• Linear
• Exponential Decay
• None of the Abovee

Tags

CCSS.HSF-LE.A.1A

What does the a in y=a(1+r)^x  represent?

• Time
• Rate
• Slope
• Initial Amount

Tags

CCSS.HSF-IF.C.8B

Is this exponential growth or decay?

• Growth
• Decay

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.B.5

Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?

• $47,798.90
• $87,798.90
• $127,798
• $7,798

Tags

CCSS.HSF-LE.A.1C

Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Riley earn in 15 years?

• $1,584.62
• $2,651.39
• $2,706.86
• $1,825.10

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSA.CED.A.1

CCSS.HSF.BF.A.1

Semi-Annually means how many times a year?

• 4 
• 2
• 1
• 6

Tags

CCSS.3.MD.A.1