Mastering Compound Interest & Exponential Growth Problems

Quiz
•
English, Mathematics
•
8th Grade
•
Hard
Standards-aligned
Anthony Clark
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A bank offers a savings account with an annual interest rate of 5% compounded annually. If you deposit $1,000, how much money will you have in the account after 3 years?
1157.63
1200.00
1050.25
1100.50
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A population of bacteria doubles every 4 hours. If you start with 500 bacteria, how many will there be after 12 hours?
4000
8000
1000
2000
Tags
CCSS.HSF.LE.A.4
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You invest $2,000 in a fund that earns 6% interest compounded quarterly. How much will you have after 5 years?
3000.00
2500.00
2800.50
2693.71
Tags
CCSS.HSF-LE.A.1C
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A car's value decreases by 15% each year. If the car is currently worth $20,000, what will its value be after 2 years?
$16,000
$12,000
$18,000
$14,450
Tags
CCSS.HSF.BF.A.2
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A certain species of fish in a lake grows at a rate of 10% per year. If there are currently 1,000 fish, how many will there be in 5 years?
1610
800
2000
1200
Tags
CCSS.HSF.BF.A.2
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You take out a loan of $5,000 with an interest rate of 8% compounded annually. How much will you owe after 4 years?
$5,000.00
$7,000.00
$6,000.00
$6,802.45
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A tree grows at a rate of 5% per year. If it is currently 10 feet tall, how tall will it be after 3 years?
13.00 feet
10.25 feet
11.58 feet
12.50 feet
Tags
CCSS.HSF.BF.A.2
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