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Exponential Growth An Decay Easy 1 (Simple and Compound Interest) Done

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25 views8 pages

Exponential Growth An Decay Easy 1 (Simple and Compound Interest) Done

Uploaded by

niya.sokolova2006
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Exponential Growth &


Decay
Difficulty: Easy
Question Paper 1
Level IGCSE
Subject Maths (0580/0980)
Exam Board CIE
Topic Number
Sub‐Topic Exponential Growth & Decay
Paper Paper 2
Difficulty Easy
Booklet Question Paper 1

Time allowed: 46 minutes

Score: /36

Percentage: /100

Grade Boundaries:

CIE IGCSE Maths (0580)


A* A B C D E
>88% 76% 63% 51% 40% 30%

CIE IGCSE Maths (0980)


9 8 7 6 5 4 3
>94% 85% 77% 67% 57% 47% 35%
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Question 1
The value of a motorbike is $12 400.
Each year, the value of the motorbike decreases exponentially by 15%.

Calculate the value of the motorbike after 3 years. [2]

Question 2
The population of Olton is decreasing at a rate of 3% per year.
In 2013, the population was 50000.

Calculate the population after 4 years.


Give your answer correct to the nearest hundred. [3]

2
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Question 3
17 Alex invests $200 for 2 years at a rate of 2% per year simple interest.
Chris invests $200 for 2 years at a rate of 2% per year compound interest.

Calculate how much more interest Chris has than Alex. [4]

Question 4
10 Maryah borrows $12 000 to start a business.
The loan is for 3 years at a rate of 5% per year compound interest.
The loan has to be paid back at the end of the 3 years.

Calculate the total amount to be paid back. [3]

3
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Question 5
14 Bruce invested $420 at a rate of 4% per year compound interest.

Calculate the total amount Bruce has after 2 years.


Give your answer correct to 2 decimal places. [3]

Question 6
13 Carol invests $6250 at a rate of 2% per year compound interest.

Calculate the total amount Carol has after 3 years. [3]

4
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Question 7
Acri invested $500 for 3 years at a rate of 2.8% per year compound interest.

Calculate the final amount he has after 3 years. [3]

Question 8
6 Pedro invested $800 at a rate of 5% per year compound interest.
Calculate the total amount he has after 2 years. [2]

5
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Question 9
9 Eva invests $120 at a rate of 3% per year compound interest.

Calculate the total amount Eva has after 2 years.


Give your answer correct to 2 decimal places. [3]

Question 10
Johan invested $600 for 3 years at 4% per year compound interest.

Calculate the final amount he had after three years. [3]

6
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Question 11
Nikhil invests $200 for 2 years at 4% per year compound interest.
Calculate the exact amount Nikhil has after 2 years. [2]

7
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Question 12
22

NORTH EASTERN BANK SOUTH WESTERN BANK

SAVINGS ACCOUNT SAVINGS ACCOUNT

5% 4.9%
Per Year Per Year

Simple Interest Compound Interest

Kalid and his brother have $2000 each to invest for 3 years.

(a) North Eastern Bank advertises savings with simple interest at 5% per year.
Kalid invests his money in this bank.
How much money will he have at the end of 3 years? [2]

(b) South Western Bank advertises savings with compound interest at 4.9% per year.
Kalid’s brother invests his money in this bank.
At the end of 3 years, how much more money will he have than Kalid? [3]

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