The "No Risk" Quizzes are a special feature of my Analytical Physics II course. I do not currently use this method in any other courses.
The formula is:
Note that these are not "Extra Credit" Qizzes; they cannot result in an exam score above 100%.
A way to think of it is that a No Risk Quiz is a head start on the Exam. For example, if you get a perfect score on a Quiz, then you go into the following Exam already having earned 5%. That is roughly equivalent to coming into the Exam with one of the exam questions already correctly answered.