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Unit 3 Checkpoint #2

Quiz by Michael Giardi

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9 questions
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  • Q1
  • Q2
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  • Q3
    In the equation y = 2,000(1.28)^x, what is the growth rate?
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  • Q4
    Amanda's bank account rose from $500 to $650. Amanda write the following equation: 150/500=0.3. What does 0.3 represent?
    Y intercept
    Growth factor
    Growth rate
    Rate of decay
  • Q5
    A bond increase value at 3% annually. If you invest $800, how long will it take to double your money?
    12 years
    24 years
    8 years
    4 years
  • Q6
    A car depreciates (loses value) 10% a year. If it is currently worth $18,000, how much will it be worth in 10 years. (Use a $ sign, a comma if needed and round your answer to nearest dollar.)
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  • Q7
    A car depreciates (loses value) 10% a year. What is the decay factor in the exponential decay equation? Write your answer as a decimal.
  • Q8
    Which answer below is the closest estimate to the growth factor of the table above. Assume years are increasing by a single year and not by two years.
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  • Q9
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