WorksheetsExponential Growth: Word Problems & Compound Interest Quiz
Total questions: 10
Worksheet time: 5mins
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 in the account after 3 years?
1157.63
1200.00
1100.50
1050.25
A population of bacteria doubles every 4 hours. If you start with 500 bacteria, how many will there be after 12 hours?
8000
1000
4000
2000
You invest $2,000 in a fund that earns 6% interest compounded quarterly. How much will you have after 5 years?
2500.00
3000.00
2693.71
2800.50
A car's value depreciates by 15% each year. If the car is currently worth $20,000, what will its value be after 2 years?
$12,000
$14,450
$16,000
$18,000
A certain species of fish in a lake grows at a rate of 10% per year. If there are currently 1,000 fish, how many will there be after 5 years?
1611
2000
1200
1500
You take out a loan of $5,000 with an interest rate of 8% compounded annually. How much will you owe after 4 years?
7500.00
6802.45
6000.00
5000.00
A tree grows at a rate of 7% per year. If the tree is currently 10 feet tall, how tall will it be after 3 years?
10.7 feet
9.5 feet
12.25 feet
14 feet
A city’s population is currently 150,000 and is expected to grow at a rate of 3% per year. What will the population be in 10 years?
195000
201585
165000
180000
You invest $1,500 in a savings account that offers 4% interest compounded monthly. How much will you have after 2 years?
1500.00
1700.50
1800.75
1624.92
A certain investment grows by 12% each year. If you invest $800, how much will it be worth after 6 years?
1450.50
1200.00
1800.75
1578.99
