This math topic involves solving exponential growth problems that incorporate mismatched time units. It focuses on determining the growth rate of money in savings accounts and credit card debt with varied compounding frequencies (e.g., yearly, quarterly, and monthly). Each question provides an initial mathematical model and asks to solve for the rate (r), presenting multiple-choice answers with different algebraic expressions. The problems help practice handling exponential functions in practical financial contexts, translating abstract formulas into relatable everyday financial calculations.
Work on practice problems directly here, or download the printable pdf worksheet to practice offline.
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