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Type: Multiple-Choice
Category: Logarithms
Level: Grade 12
Standards: HSF-IF.C.7d
Author: GracieHelpTeaching
Last Modified: a year ago

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Logarithms Question

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Grade 12 Logarithms CCSS: HSF-IF.C.7d

What is the difference in the amount of interest earned between investing $10,000 at a 5% annual interest rate compounded annually for 3 years and investing $10,000 at a 4.5% annual interest rate compounded quarterly for 3 years?
  1. $4.43
  2. $10.86
  3. $14.43
  4. $20.43