Algebra 3: 6-1 to 6-3 GA

1) This is a GRADED ASSIGNMENT. You may use your notes and a calculator (when indicated) but may NOT use electronic devices or work collaboratively. You will be required to submit a sheet of your work upon returning to school. Please select "I agree" below to adhere by these guidelines.

• I agree

• I do not agree (will result in a "0")

• None of these options are correct

8) $10,000 is invested at a 3% APR. Which of the following most accurately represents the amount left in the account after 7 years if compounded monthly? Show your work for this problem on your 6-1 to 6-3 GA page.

***Calculator Permitted***

• $122,115.82

• $12,336.78

• $12,333.55

• $79,580.14

9) $9,000 is invested at a 5% APR. Which of the following most accurately represents the amount left in the account after 8 years if compounded continuously? Show your work for this problem on your 6-1 to 6-3 GA page.

***Calculator Permitted***

• $13,426.42

• $9,785.81

• $491,383.35

• $13,426.05

10) Gage buys a new car for $28,000. The car will depreciate in value by 12% each year. Which equation models the scenario, where x = time in years and P = price of the car after x years?