Exponential Equation Compound Interest

Quiz
•
Mathematics
•
11th Grade
•
Hard
Standards-aligned
Anthony Clark
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the n stand for in this formula?
Initial amount
Final amount
Rate
Time
The number of times compounded per year
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the P stand for in this formula?
Initial amount
Final amount
Rate
Time
The number of times compounded per year
Tags
CCSS.HSF-IF.C.8B
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Steve deposited $5,000 in a savings account that pays 4% interest compounded annually. Which equation could be used to find the value of the account after 3 years?
A = 5,000(1 + 4)3
A = 5,000(1 + 0.04)3
A = 5,000(1 + 0.4) x 3
A = 5,000(0.04)3
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Katy deposited $90 in a savings account earning 5% interest, compounded quarterly. Which of the following equations could represent the amount of money in her account yearly?
5.
MATH RESPONSE QUESTION
1 min • 1 pt
$6500 is invested in a bank account that earns 2.6% interest, compounded monthly. Write an expession that represents the amount of money in the accout after 5 years.
Mathematical Equivalence
ON
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the correct function that models an investment of $2000 compounded monthly with an interest rate of 3.4% ?
V(t) is the value, t is time
Tags
CCSS.HSF.LE.A.2
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
P = $2,500, r = 2.5%, t = 5 years, compounded semi-annually.... Round to the nearest hundredth.
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