
Calc Test 1 Review
Quiz
•
Mathematics
•
12th Grade
•
Easy
Marita Harrell
Used 2+ times
FREE Resource
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32 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
In the compound interest formula A=P(1+r)t what does the A stand for?
The amount of interest
The total amount
The interest rate
The time
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Jacob borrows $500 from Abraham and agrees to have the loan compounded annually for 5 years with an interest rate of 2.5%. How much will the total amount be that Jacob owes?
$565.70
$262609.38
$65.70
$630.20
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Hei-Hei has $1500 in a retirement account earning 5% interest compounded annually. After 5 years how much does Hei-Hei have in the account?
$1750
$2010.14
$2500
$1914.42
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Henry deposits $750 into a college savings account that is compounded annually when his parents received as a stimulus package. If Henry lets the money sit in the account without adding or removing any and receives a 8.5% interest rate, how much money will he have total after 5 years?
$1127.74
$1535.24
$2345.67
$850.76
5.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Hugo opened a savings account and deposited $800 as principal. The account earns 4% interest, compounded continuously. What is the balance after 5 years?
$832.00
$977.12
$973.32
$960.00
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Travis earned $180.72 doing odd jobs last summer and put it in a saving account that earns 15% interest compounded continuously. If he doesn't touch his money for 8 years, how much will he have?
$400
$500
$553
$600
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