What is the effective annual growth rate if $1000 is compounded annually at 3%?

Exponential Functions and Growth Rates

Interactive Video
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Mathematics
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9th - 12th Grade
•
Hard

Thomas White
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
30%
1.03%
3%
103%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much will $1000 grow to in 5 years if compounded annually at 3%?
$1100
$1300
$1500
$1159.27
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the inverse operation of exponentiation?
Multiplication
Division
Addition
Logarithm
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If 5^x = 43, what is x approximately?
5.337
4.337
3.337
2.337
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in solving 3 * 4^(3x + 7) = 768?
Take the log of both sides
Subtract 7
Divide by 3
Multiply 3 and 4
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the logarithmic form of the equation 4^3 = 64?
log_64(4) = 3
log_4(3) = 64
log_3(64) = 4
log_4(64) = 3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can you simplify log base 4 of 6 using the change of base formula?
ln(6)/ln(4)
log(6)/log(4)
ln(4)/ln(6)
log(4)/log(6)
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