Compound Interest and Exponential Functions
Quiz
•
Mathematics
•
9th Grade
•
Practice Problem
•
Hard
Standards-aligned
Anthony Clark
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A collectible car has been going up in price by 10% each year. If the car is already worth $29,000, how much will the car be worth in 5 years?
$0.29
$2,900,000,000
$46,704.79
$145,000
Tags
CCSS.HSF-LE.A.1C
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Linear, exponential, or neither?
Linear
Exponential
Neither
All of the above
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Jacob borrows $500 from Abraham and agrees to have the loan compounded annually for 5 years with an interest rate of 2.5%. How much will the total amount be that Jacob owes?
$565.70
$262609.38
$65.70
$630.20
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Given an investment of $1,500:
Which investment would have a larger balance after 5 years?
4% compounded monthly
3.9% compounded daily.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the x-intercept of the exponential function?
(0,1)
(0,0)
There is not one
Tags
CCSS.HSF-IF.C.7E
6.
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
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What amount would need to be invested at 4% interest compounded quarterly in order to have $4500 in 5 years?
$5490.86
$3366.58
$3687.95
$3903.18
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