Exponential Equation Compound Interest
Authored by Anthony Clark
Mathematics
11th Grade
CCSS covered
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17 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Find the total amount in the account to the nearest cent if the interest is compounded annually.
$2750 at 8% for 2 years
$2200
$3207.60
$8910
$3222.06
Tags
CCSS.HSF-LE.A.1C
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?
$827.52
$831.10
$839.45
$846.80
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
$12712.31
$12,749.30
$12,657.59
$12550.84
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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 will she have in her account in 10 years?
$4915.59
$3933.28
$2979.81
$4005.09
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If $400 is invested at 35% interest, compounded continuously, for 2 years, what is the ending balance?
$280
$680
$1,034.47
$805.50
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The population of Eden is growing continuously at a rate of 1.9%. If the current population is 15,230, about how many years will it take for the population to reach 20,000?
31
2
15
68
Tags
CCSS.HSF.LE.A.4
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