Mastering Compound Interest & Exponential Growth Quiz

A bank offers a savings account with an annual interest rate of 5% compounded yearly. If you deposit $1,000, how much money will you have in the account after 3 years?

• 1100.50

• 1200.00

• 1157.63

• 1050.75

A population of rabbits doubles every year. If there are initially 50 rabbits, how many will there be after 4 years?

• 400

• 1600

• 800

• 100

You invest $2,000 in a fund that grows at a rate of 6% per year, compounded annually. What will be the total amount in the fund after 5 years?

• 2200.00

• 2500.00

• 3000.00

• 2676.45

A certain bacteria culture grows exponentially. If the culture starts with 200 bacteria and doubles every 3 hours, how many bacteria will there be after 12 hours?

• 1600

• 3200

• 2400

• 4000

A car's value depreciates by 15% each year. If the car is worth $20,000 now, what will its value be after 2 years?

• $16,000

• $18,000

• $14,450

• $12,000

You have a plant that grows at a rate of 10% per month. If the plant is currently 30 cm tall, how tall will it be after 6 months?

• 40 cm

• 60 cm

• 45 cm

• 53.15 cm

A loan of $5,000 is taken out with an interest rate of 4% compounded annually. How much will be owed after 4 years?

• 5849.29

• $5,200.50

• $6,000.00

• $5,500.00

A tree grows at a rate of 8% per year. If the tree is currently 10 feet tall, what will its height be after 3 years?

• 10.00 feet

• 15.00 feet

• 9.20 feet

• 12.60 feet

You start with 1,000 followers on a social media platform, and your followers increase by 20% each month. How many followers will you have after 6 months?

• 1500

• 2986

• 3500

• 2500

A certain investment grows by 12% each year. If you invest $1,500, how much will you have after 10 years?

• $3,000.00

• $4,500.00

• $6,000.00

• $5,217.00