Growth Formula: Problem Solving & Reasoning
Mathematics
Grade 6
12 questions
~24 mins
1 views0 downloads
About This Worksheet
This worksheet introduces the Growth Formula used in calculating compound interest. It includes practice, reasoning, real-world applications, and challenging questions to develop understanding of exponential growth.
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Growth Formula: Problem Solving & Reasoning
Subject: MathematicsGrade: Grade 6
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Untitled Worksheet
Grade Grade 6
A
Practice Questions
Answer all questions. Show your working in the grid spaces provided.
1.
If an amount of $2000 grows at an annual rate of 5%, what will be its value after 1 year? Show your working.
[2 marks]2.
Calculate the amount after 3 years if $1500 is invested with an annual growth rate of 4%.
[3 marks]3.
A sum of money doubles in 10 years at a fixed annual growth rate. Find the growth rate per year.
[3 marks]4.
In a certain investment, the amount increases by 8% annually. How much will $2500 grow to after 2 years? Show your working.
[3 marks]5.
Construct a graph showing the growth of $1000 at an annual rate of 6% over 5 years. (Plot points and connect them.)
[3 marks]6.
If a $5000 investment grows to $6000 in 4 years, what is the annual growth rate? Show your working.
[4 marks]7.
A company’s savings increase by 12% each year. If the initial savings are $10,000, what are the savings after 5 years? Show your working.
[4 marks]8.
A student invests $1,200 at an annual growth rate of 6%. How much will the investment be worth after 7 years? Show your working.
[3 marks]9.
A sum of money increases by 15% annually. After 3 years, the amount is $2300. Find the initial amount invested.
[3 marks]10.
Identify and correct the mistake in this calculation: A $1000 investment grows to $2000 in 5 years, assuming a 10% annual growth rate.
[4 marks]11.
A project’s value increases by a fixed percentage each year. If it becomes $1500 after 2 years starting from $1000, what is the annual growth rate? Show your working.
[4 marks]12.
A savings account has an initial deposit of $3000. If it grows by 9% annually, how long will it take to reach $5000? Show your working.
[4 marks]Quick Actions
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Details
- Created
- 1/1/2026
- Updated
- 1/1/2026
- Type
- worksheet