Compound Interest and Exponential Functions
Authored by Barbara White
Mathematics
9th - 12th Grade
CCSS covered
Used 7+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What will a deposit of $4,500 at 10% compounded semiannually be worth if left in the bank for six years?
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Determine the balance in the account if you deposited $4,000 at an interest rate of 3.4% compounded quarterly for three years.
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Determine the balance in the account if you deposited $4,000 at an interest rate of 3.4% compounded monthly for three years.
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
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?
Tags
CCSS.HSF-LE.A.1C
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Determine the balance in the account if you deposited $4,000 at an interest rate of 3.4% compounded annually for three years.
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Bruno was given $2000 when he turned 3 years old. His parents invested it at a 2% interest rate compounded annually. No deposits or withdrawls were made. Which expression can be used to determine how much money Bruno had in the account when he turned 16?
Tags
CCSS.HSF.BF.A.2
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Heather decides to invest $3500 into her savings account and leave it there (untouched) for 25 years. The savings account has an interest rate of 6.4% compounded quarterly. How much will she have in 25 years?
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