Exponential Growth/Decay & Compound Interest

The original value of an investment is $1400, and the value increases by 9%

each year. Find the value of the investment after 25 years.

Tags

CCSS.HSF-LE.A.1C

The cost of tuition at a college is $12,000 and is increasing at a rate of 6%

each year. Find the tuition cost after 4 years.

Tags

CCSS.HSF.BF.A.2

Willie invests $1,505 in a savings account

with a fixed annual interest rate of 8.97%

compounded monthly. What will

the account balance be after 8 years?

The population of a town is decreasing at a rate of 1% per year. In 2000

there were 1300 people. Find the population in 2008. *Note: NO DECIMALS-ROUND DOWN.

Tags

CCSS.HSF-LE.A.1C

Bill invests $6,312 in a savings account

with a fixed annual interest rate of 2.14%

compounded quarterly. What will

the account balance be after 5 years?

The value of a car is $18,000 and depreciating at a rate of 12% per year. Find the value of the car after 10 years.

Tags

CCSS.HSF.BF.A.2

A farmer buys a tractor for $50,000. If the tractor depreciates 11% per year,

find the value of the tractor in 7 years.

The number of student athletes at a local high school is 300 and is increasing

at a rate of 8% per year. Find the number of student athletes after 5 years. NO DECIMALS, ROUND DOWN.

Tags

CCSS.HSF-LE.A.1C

Darryl invests $3,453 in a savings account

with a fixed annual interest rate of 7.47%

compounded monthly. What will

the account balance be after 8 years?

An investment of $8200 loses value at a rate of 2% per year. Find the value of the investment after 9 years.

Tags

CCSS.HSF.BF.A.2