Exponential Equation Compound Interest

Exponential Equation Compound Interest

11th Grade

18 Qs

quiz-placeholder

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Exponential Equation Compound Interest

Exponential Equation Compound Interest

Assessment

Quiz

Mathematics

11th Grade

Hard

CCSS
HSF-LE.A.1C, HSF-IF.C.8B, HSF.LE.A.2

Standards-aligned

Created by

Anthony Clark

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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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

Media Image

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

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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?

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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

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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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