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?
Solving Exponential Equations and Compound Interest

Quiz
•
Mathematics
•
11th Grade
•
Hard
Anthony Clark
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
$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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