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ALGEBRA BTS EXAM QUESTIONS & ANSWERS 2024/2025
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ALGEBRA BTS EXAM QUESTIONS & ANSWERS 2024/2025
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ALGEBRA BTS EXAM QUESTIONS &ANSWERS 2024/2025
Formula for Compound interest - ANSWERSP(t)=p(1+R)^t
Formula for simple interest - ANSWERSP(t)=P +(P ⋅ r)t
Nam deposits $500 into a simple interest account. The interest is 3%. Write a function that represents
the balance in the account as the function of time t. - ANSWERSP(t)=500+15t
Carmen deposits $1,000 into a simple interest account The interest rate is 4%. Write a function that
represents the balance in the account as a function of time t. - ANSWERSP(t)=1,000+40t
Vance deposits $1500 into a simple interest account. The interest rate is 5.5%. Write a function that
represents the balance in the account as a function of time t. - ANSWERSP(t)=1500+82.5t
Wisher deposits $500 into a simple interest account. The interest rate for the account is 3.75%. The
function P(t)=500+18.75t represent the balance in the account as a function of time. Determine the
account balance after each given number of years:
2 years 15 years
10years - ANSWERS2 years= $537.50
15 years=$781.25
10 years= $687.50
Write a FUNCTION that represents each population as a function of time. Bts world has a population of
7,000. Its population is increasing at a rate of 1.4% - ANSWERSP(t)=7,000 ⋅ (1+1.014)^t
Compound interest formula is used when.. - ANSWERSThe balance or population is increased or
decreased
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