Solving Exponential Equations and Compound Interest

Solving Exponential Equations and Compound Interest

11th Grade

15 Qs

quiz-placeholder

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Solving Exponential Equations and Compound Interest

Solving Exponential Equations and Compound Interest

Assessment

Quiz

Mathematics

11th Grade

Practice Problem

Hard

Created by

Anthony Clark

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

how often is the money compounded if you use the formula A=Pert?

every month

every day

every year

continuously

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

how do we solve exponential equations?

clean it up, then rewrite as a log

clean it up, then rewrite as an exponential

guess and check

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

what does the n stand for?

national

nonagon

number of times compounded

number of times withdrawn

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Find the balance in the account after the given period. $12,000 principal earing 4.8% compounded annually after 7 years.

$3,243.19

$16,661.35

$15,243.19

$4,661.35

5.

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

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Find the balance in the account after the given period.

$3400 principal earning 3.6% compounded annually after 2 years

$3,420.43

$3,649.21

$3,675.39

$6,288.64

7.

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.

$1,923.23

$10,138.07

$6,701.28

$800.26

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