Solving Exponential Equations and Compound Interest

Solving Exponential Equations and Compound Interest

11th Grade

14 Qs

quiz-placeholder

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Solving Exponential Equations and Compound Interest

Solving Exponential Equations and Compound Interest

Assessment

Quiz

Mathematics

11th Grade

Hard

Created by

Anthony Clark

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Emily would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years?

$15,415.94

$15,683.28

$15,927.56

$16,109.05

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In the compound interest formula A=P(1+r)t what does the A stand for?

The amount of interest

The total final amount

The interest rate

The time

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Principal: $5000

Interest Rate: 3.75%

Time: 25 years

Compounded Monthly

State the ending account balance.

$12712.31

$12,749.30

$12,657.59

$12550.84

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Solve 33 = 34x + 2

x = ¼

x = -¼

x = ½

x = -½

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Solve: 98-x = 27x-3

x = 5

x = -5

x = 1/5

x = -1/5

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

To solve 36 = 6x, re-write 36 as what base and exponent?

36

63

62

312

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Solve for n:
2-2n = 26

-1

-7

5

-3

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