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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: 3 weeks ago

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

The function [math] y = (1.08)^(t/4[/math] represents interest compounded quarterly. What is the annual percent rate of growth?
  1. 2%
  2. 4%
  3. 8%
  4. 16%
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