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Type: Multiple-Choice
Category: Exponents
Level: Grade 11
Standards: HSF-IF.C.8, HSF-IF.C.8b
Tags: HSF-IF.C.8 HSF-IF.C.8b
Author: HTPhysics
Created: 9 months ago

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Grade 11 Exponents CCSS: HSF-IF.C.8, HSF-IF.C.8b

An investment of $2,500 is placed in an account offering 7% interest compounded quarterly. What is the total value of the investment after 3 years?
  1. $3,060.43
  2. $3,100.65
  3. $3,078.60
  4. $3,200.40