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WorksheetsCompound Interest & Half Life Word Problems
Total questions: 9
Worksheet time: 45mins
Lauren has $90 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much will she have in 2 years?
$99.23
$21.98
$56.46
$9.21
Jay'den earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?
Courtney saved up $2,200 working as a waitress over the summer. She put this money into a bank account that earned 5.2% interest and is compounded daily. How much will she have in her account at the end of 4 years?
How many grams are left after 1 half life?
What would be the "a" value (initial value) for this problem?
A local zoo has a population of 32 meerkats. They are doubling every 5 years. How many would there be in 10 years?
32
2
5
10
