Compound Interest, Exponential Growth & Decay

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 If no other money is added or withdrawn from the account, how much will be in the account after 10 years?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.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-IF.C.8B

Suppose a culture of bacteria begins with 5000 cells and dies by 30% each year. Write an equation that represents this situation.

• y=5000(0.7)^x
• y=30(5000)^x
• y=5000(1.3)^x
• y=5000x^x

Tags

CCSS.HSF.LE.A.2

Daniel’s Print Shop purchased a new printer for $35,000. Each year it depreciates at a rate of 5%. How much will the printer be worth in 8 years?

• $23,219.72
• $136.72
• $51,710.94
• $16,710.94

Tags

CCSS.HSF.BF.A.2

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.1C

Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.

• $15,415.94
• $15,683.28
• $15,927.56
• $16,109.05

Shawn is buying a new Jet Ski for $12,500. He is considering 2 credit options. Option A offers a 6 year loan with 8.5% interest compounded quarterly, while Option B offers a 5 year loan with10% interest compounded annually.Which option is better and how much will he save?

• A) A; $495.21

• B) A; $573.83

• C) B; $495.21

• D) B; $573.83

Middletown High School has student elections every year. Lately, the school has seen a 5% decrease in voting from election to election. If 910 students voted this year, how many will be expected to vote 8 years from now? (Round to the nearest whole number if necessary).

• 604

• 777

• 29

• 198

Tags

CCSS.HSF-LE.A.1C