
Savings Account Growth and Rules

Interactive Video
•
Mathematics
•
9th - 10th Grade
•
Hard

Liam Anderson
FREE Resource
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6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the annual percentage increase in the savings account as described in the scenario?
15%
5%
10%
2%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of rule is used to represent the increase in the savings account?
Linear rule
Quadratic rule
Logarithmic rule
Recursive rule
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate the amount in the savings account for any year 'n'?
Divide the previous year's amount by 1.05
Add 5% to the previous year's amount
Multiply the previous year's amount by 1.05
Subtract 5% from the previous year's amount
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the '1.05' factor represent in the recursive rule?
A 10% increase
The original amount plus a 5% increase
The original amount minus a 5% decrease
A decrease of 5%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it incorrect to multiply by 0.05 in the recursive rule?
It would decrease the amount
It would double the amount
It would increase the amount by 10%
It would keep the amount the same
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the recursive rule in this context?
To predict future interest rates
To determine the amount in the account each year
To find the initial deposit amount
To calculate the total interest earned
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