Compound Interest & Growth Over Time (Year 11)
Free printable UK Year 11 (GCSE Foundation) maths worksheet on compound interest and growth over several years, including the total accrued = P(1 + r/100)^n formula.
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Grade 10 · Math worksheet
Name
Date
Math
Compound Interest & Growth Over Time
Find the total value of each investment after compound interest is applied, or find the interest earned. Multiply by the same multiplier once for every year, keep the full calculator value, and round only the requested final answer to the nearest penny.
- 1.£1200 is invested at a compound interest rate of 3% per year. Find the total value of the investment after 3 years, to the nearest penny.
- 2.£1200 is invested at a compound interest rate of 8% per year. Find the total value of the investment after 2 years, to the nearest penny.
- 3.£300 is invested at a compound interest rate of 8% per year. Find the total value of the investment after 2 years, to the nearest penny.
- 4.£300 is invested at a compound interest rate of 5% per year. Find the total value of the investment after 4 years, to the nearest penny.
- 5.£300 is invested at a compound interest rate of 10% per year. Find the total value of the investment after 3 years, to the nearest penny.
- 6.£400 is invested at a compound interest rate of 3% per year. Find the total value of the investment after 3 years, to the nearest penny.
- 7.£1500 is invested at a compound interest rate of 6% per year for 3 years. How much INTEREST (not the total) has been earned, to the nearest penny?
- 8.£1000 is invested at a compound interest rate of 5% per year for 2 years. How much INTEREST (not the total) has been earned, to the nearest penny?
- 9.£400 is invested at a compound interest rate of 6% per year for 3 years. How much INTEREST (not the total) has been earned, to the nearest penny?
- 10.£500 is invested at a compound interest rate of 5% per year for 4 years. How much INTEREST (not the total) has been earned, to the nearest penny?
- 11.Using the formula Total accrued = P, find the total value when P = £800, r = 2 and n = 3 years, to the nearest penny.
- 12.Using the formula Total accrued = P, find the total value when P = £600, r = 10 and n = 2 years, to the nearest penny.
- 13.Using the formula Total accrued = P, find the total value when P = £1200, r = 2 and n = 2 years, to the nearest penny.
- 14.Using the formula Total accrued = P, find the total value when P = £2000, r = 5 and n = 3 years, to the nearest penny.
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