Exponential Growth Compound Interest

Exponential Growth Compound Interest

11th Grade

15 Qs

quiz-placeholder

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Exponential Growth Compound Interest

Exponential Growth Compound Interest

Assessment

Quiz

Mathematics

11th Grade

Practice Problem

Hard

CCSS
HSF.LE.A.2, HSF-LE.A.1C, HSF.BF.A.2

Standards-aligned

Created by

Anthony Clark

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded monthly, how much total will he have paid after 5 years?

$33,299.42      

$33,672.68  

$34,157.04        

$34,710.88    

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the balance of $6000 compounded annually at a rate of 4% for 10 years?

$8,881.47

$7,432.93

$8,400

$6,500

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

After 80 years of 5.8% interest compounded monthly, an account has $102,393.44.  What was the original deposit amount?

$10,484,416.76

$1000

$93,13770.87

$1125.69

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The initial population of a town is 5000 people. After one year, the population is 5150. What exponential function models the expected population? What is the population after 10 years?

Tags

CCSS.HSF.LE.A.2

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Bruno was given $2000 when he turned 3 years old.  His parents invested it at a 2% interest rate compounded annually.  No deposits or withdrawls were made.  Which expression can be used to determine how much money Bruno had in the account when he turned 16? 

2000(1+0.02)13

2000(1-0.02)13

2000(1+0.02)16

2000(1-0.02)16

Tags

CCSS.HSF.BF.A.2

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following functions shows an initial amount of $15 and an increase of 35% each year?

y = 15(35)x

y = 15(1 + 0.35)x

y = 15(0.35)x

y = 35(1+ 0.15)x

Tags

CCSS.HSF.LE.A.2

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Write an equation that models the following situation:

Samantha's hair was known to grow very rapidly. It began at a length of 6 in and grew at a rate of 14% a week.

y=6(0.14)x

y=6(1+14)x

y=6(1+ 0.14)x

y=6(1 - 0.14)x

Tags

CCSS.HSF.LE.A.2

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