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Exponential Growth, Decay, and Interest

Authored by Anthony Clark

Mathematics

9th Grade

CCSS covered

Exponential Growth, Decay, and Interest
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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How long will it take for the value of an initial investment of $1200 compounded continuously at a 5.6% interest rate to reach $2000.

9.57 years

9.04 years

9.12 years

.091 years

Tags

CCSS.HSF.LE.A.4

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An investment of $500 earns 3% interest compounded monthly. Find how many years it will take for the account to be $800.

15.95 years

15.69 years

15.90 years

15.72 years

Tags

CCSS.HSF.LE.A.4

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An initial investment of $1000 is deposited in an account with a 1.2% interest rate, compounded quarterly. Find the value after 15 years.

$1045.96

$1196.89

$15180.81

$5891.60

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An initial investment of $1000 is deposited in an account with a 1.2% interest rate, compounded annually. In how many years will the account reach $1500?

34.04 years

33.99 years

3.72 years

3.58 years

Tags

CCSS.HSF.LE.A.4

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of function is f(x)=2(1/7)x ?

Exponential Growth

Linear

Exponential Decay

None of the Abovee

Tags

CCSS.HSF-IF.C.8B

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the growth factor of the situation represented by f(x)=10(0.3)x?

10

0.3

1

3

Tags

CCSS.HSF-IF.C.8B

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Exponential Growth

Linear

Exponential Decay

None of the Abovee

Tags

CCSS.HSF-IF.C.8B

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