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Type: Multiple-Choice
Category: Functions and Relations
Level: Grade 11
Standards: HSF-IF.C.8, HSF-IF.C.8b
Tags: HSF-IF.C.8 HSF-IF.C.8b
Author: HTPhysics
Created: 7 months ago

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Grade 11 Functions and Relations CCSS: HSF-IF.C.8, HSF-IF.C.8b

Given the compound interest function A(t)=2000(1+0.034)4t, what is the interest rate, and how often is it compounded?
  1. 3%, quarterly
  2. 12%, annually
  3. 3%, annually
  4. 4%, quarterly