Exploring Exponential Growth & Compound Interest Problems

Exploring Exponential Growth & Compound Interest Problems

8th Grade

10 Qs

quiz-placeholder

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Exploring Exponential Growth & Compound Interest Problems

Exploring Exponential Growth & Compound Interest Problems

Assessment

Quiz

English, Mathematics

8th Grade

Practice Problem

Hard

CCSS
HSF.BF.A.2, HSF.LE.A.4

Standards-aligned

Created by

Anthony Clark

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A population of rabbits doubles every year. If there are currently 50 rabbits, how many will there be in 3 years?

800

100

400

200

2.

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 after 4 years?

1500.00

1300.00

1100.00

1215.51

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A car's value decreases by 20% each year. If the car is currently worth $15,000, what will its value be after 2 years?

$9,600

$8,000

$10,800

$12,000

Tags

CCSS.HSF.BF.A.2

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bacteria culture grows exponentially. If there are 200 bacteria now and the number triples every hour, how many bacteria will there be after 3 hours?

1200

600

5400

1800

Tags

CCSS.HSF.LE.A.4

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You invest $2,500 in a fund that earns 6% interest compounded annually. How much will you have after 5 years?

2500.00

4000.00

3000.00

3345.56

Tags

CCSS.HSF.BF.A.2

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tree grows at a rate of 10% per year. If it is currently 4 feet tall, how tall will it be in 2 years?

5.00 feet

4.20 feet

4.84 feet

6.00 feet

Tags

CCSS.HSF.BF.A.2

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A certain investment grows according to the formula A = P(1 + r)^t. If you invest $800 at an interest rate of 4% for 3 years, what will be the total amount?

$899.89

$850.00

$920.00

$780.00

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