Exponential Compounding Interest Word Problems

Exponential Compounding Interest Word Problems

9th Grade

19 Qs

quiz-placeholder

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Exponential Compounding Interest Word Problems

Exponential Compounding Interest Word Problems

Assessment

Quiz

Mathematics

9th Grade

Practice Problem

Hard

CCSS
HSF-LE.A.1C, HSF.LE.A.2, HSF.LE.B.5

Standards-aligned

Created by

Anthony Clark

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You invest $1600 at an annual interest rate of 4.6% compounded continuously. How much will you have in the account after 4 years.

$800.26

$6,701.28

$10,138.07

$1,923.23

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The Arnold's took out a loan for $195,000 to purchase a home. At a 4.3% interest rate compounded annually, how much total will they have paid after 30 years?

$412,749.79

$529.305.61

$689,546.99

$640,891.53

Tags

CCSS.HSF-LE.A.1C

3.

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

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 total will she earn in 10 years?

$4915.59

$3933.28

$2979.81

$4005.09

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Matt earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually (n=1). What will be his balance after 15 year?

$827.52

$831.10

$839.45

$846.80

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Find the balance in the account after the given period.

$5000 deposit earning 1.5% compounded quarterly after 3 years

$5,229.70

$7,604.38

$7,777.27

$5,538.86

7.

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 year?

$827.52

$831.10

$839.45

$846.80

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