Algebra 2 Topic 6 Quiz

Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much total will she earn in 10 years?

• $4915.59
• $3933.28
• $2979.81
• $4005.09

You invest $1600 at an annual interest rate of 4.6% compounded continuously. How much will you have in the account after 4 years.

• $800.26
• $6,701.28
• $10,138.07
• $1,923.23

The Arnold's took out a loan for $195,000 to purchase a home. At a 4.3% interest rate compounded annually, how much total will they have paid after 30 years?

• $412,749.79
• $529.305.61
• $689,546.99
• $640,891.53

How many times a year does semiannual mean?

• 1
• 2
• 4
• 12

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

If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?

• $1,225,54
• $2,225.54
• $22,255.40
• $225.54

This is an example of:

• Linear Growth

• Linear Decay

• Exponential Growth

• Exponential Decay

This is an example of:

• Linear Growth

• Linear Decay

• Exponential Growth

• Exponential Decay

• Linear Growth

• Linear Decay

• Exponential Growth

• Exponential Decay

• Because the 25 was bigger than one

• Because the 0.20 was bigger than one

• Because the 25 was less than one

• Because the 0.20 was less than one