Printable · GCSE Foundation · ages 14-16
Growth and decay, compound interest worksheet — GCSE Foundation
Fifteen questions on "growth and decay, compound interest" — DfE statement R16. Print it, or print three versions so neighbours cannot copy by letter; the key gives the letter for each version.
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Growth and decay, compound interest worksheet — GCSE Foundation
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- 1.The value of a motorbike falls by 12% each year. The motorbike is worth £3200 now. Write down the calculation that gives its value after 3 years.
- 2.A population of penguins on an island is 2400. The population is predicted to grow by 7% each year. Work out the predicted population after 2 years, to the nearest whole number.
- 3.£3000 is invested in a savings account that pays 4% compound interest each year. Work out the value of the investment after 2 years.
- 4.£2000 is invested in a savings account that pays 5% compound interest each year. Work out the value of the investment at the end of 2 years.
- 5.The population of a village is 1200. It is predicted to grow by 5% next year. Work out the predicted population after 1 year, to the nearest whole number.
- 6.A savings account pays 3.5% compound interest each year. Bilal invests £1200. Work out how much interest, in total, he earns after 2 years, to the nearest penny.
- 7.A car is bought for £9000. Its value decreases by 8% each year. Work out its value after 2 years.
- 8.Maya buys a vintage car for £15000. Its value is expected to increase by 4% each year for 2 years. She then plans to sell the car and use £2000 of the money from the sale to buy a trailer. Work out how much money she will have left after selling the car and buying the trailer.
- 9.A laptop costs £800 when new. Its value decreases by 25% of its value at the start of each year. Work out how much value the laptop loses in the second year.
- 10.A colony of bacteria has 400 bacteria. The number increases by 15% each hour. Work out the number of bacteria after 1 hour.
- 11.A company had 8000 employees. The number of employees decreased by 5% in the first year, and then increased by 5% in the second year. Work out the number of employees at the end of the second year, to the nearest whole number.
- 12.Aisha invests £3200 in Account A, which pays 5% compound interest each year. She also invests £3200 in Account B, which pays 3% simple interest each year. Work out how much more Account A is worth than Account B after 2 years.
- 13.Leah puts £4000 into a savings account paying 3% compound interest each year. At the end of 2 years she takes out all of the money and spends £1500 of it on a laptop. Work out how much of the money she has left.
- 14.A car is bought for £12000. Its value falls by 15% in the first year and by 10% in each year after that. Work out the value of the car 3 years after it was bought.
- 15.Before a charity campaign, donations were £6400 per month. Donations grew by 8% in the first year after the campaign, and then fell by 3% in the second year as interest faded. Work out the amount donated per month at the end of the second year, to the nearest pound.
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