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WorksheetsExploring Exponential Growth & Compound Interest Problems
Total questions: 10
Worksheet time: 5mins
A population of rabbits doubles every year. If there are currently 50 rabbits, how many will there be in 3 years?
800
100
400
200
A bank offers a savings account with an annual interest rate of 5% compounded annually. If you deposit $1,000, how much money will you have after 4 years?
1500.00
1300.00
1100.00
1215.51
A car's value decreases by 20% each year. If the car is currently worth $15,000, what will its value be after 2 years?
$9,600
$8,000
$10,800
$12,000
A bacteria culture grows exponentially. If there are 200 bacteria now and the number triples every hour, how many bacteria will there be after 3 hours?
1200
600
5400
1800
You invest $2,500 in a fund that earns 6% interest compounded annually. How much will you have after 5 years?
2500.00
4000.00
3000.00
3345.56
A tree grows at a rate of 10% per year. If it is currently 4 feet tall, how tall will it be in 2 years?
5.00 feet
4.20 feet
4.84 feet
6.00 feet
A certain investment grows according to the formula A = P(1 + r)^t. If you invest $800 at an interest rate of 4% for 3 years, what will be the total amount?
$899.89
$850.00
$920.00
$780.00
A town's population is 10,000 and is increasing by 8% each year. What will the population be in 5 years?
13500
15800
14693
12000
If you have a loan of $5,000 with an interest rate of 7% compounded annually, how much will you owe after 3 years?
$5,500.00
$6,125.22
$6,250.00
$6,000.00
A certain species of fish in a lake grows exponentially. If there are currently 1,000 fish and the population doubles every 6 months, how many fish will there be in 2 years?
16000
4000
8000
20000
