WorksheetsExponential Growth/Decay
Total questions: 6
Worksheet time: 11mins
Name
Class
Date
1.
Which of the following functions shows an initial amount of $15 and an increase of 35% each year?
a)
y = 15(35)x
b)
y = 15(1.35)x
c)
y = 15(0.35)x
d)
y = 35(1.15)x
2.
Suppose you deposit $3000 in a savings account that pays interest at an annual rate of 4%. If no other money is added or withdrawn from the account, how much will be in the account after 10 years?
a)
$3122.18
b)
$4994.50
c)
$4440.73
d)
$86,776.40
3.
Daniel’s Print Shop purchased a new printer for $35,000. Each year it depreciates at a rate of 5%. How much will the printer be worth in 8 years?
a)
$23,219.72
b)
$136.72
c)
$51,710.94
d)
$16,710.94
4.
The attendance at the art museum at the New Year’s opening was 250 people. The attendance has been increasing at a rate of 3% each month. How many people will attend by the end of a year?
a)
356
b)
265
c)
5825
d)
1329
5.
Twenty years ago, Mr. Davis purchased his home for $160,000. Since then, the value of the home has increased about 5% per year. How much is the home worth today?
a)
$176,783.29
b)
$424,527.63
c)
$57,357.75
d)
$532,041,076.80
6.
A population of fish starts at 8,000 and decreases by 6% per year. What is the population of fish after 10 years?
a)
14327
b)
4309
c)
839
d)
7680
100 %
