

Compound percentages
Presentation
•
Mathematics
•
8th - 10th Grade
•
Practice Problem
•
Medium
Jessica Burdass
Used 23+ times
FREE Resource
7 Slides • 5 Questions
1
Compound percentages
L/O: To be able to use the compound percentages formula

2
3
4
5
Next few questions are recap on multipliers
6
Multiple Choice
What is the decimal multiplier for a 5% increase?
1.5
1.005
1.05
7
Multiple Choice
What is the decimal multiplier for a 13% decrease?
0.87
0.13
1.13
8
Multiple Choice
Another way of writing 1.05 x 1.05 x 1.05
3 x 1.05
1.053
9
What happens when we have a question like this?
A car costing 6500 loses its value by 3.5% each year. How much will the car be worth in 3 years time? Leave your answer to the nearest penny.
10
Demo on Teams of the formula
11
Multiple Choice
A bank account accrues 3% (compound) interest for 10 years. The principal is £20,000. How much do you have at maturity?
£26,000
£26,878
£26,978
12
Multiple Choice
James Bond’s Aston Martin, originally worth £150,000, depreciates by 15% each year. What is its value after 5 years?
£66,556
£67,556
£68,556
Compound percentages
L/O: To be able to use the compound percentages formula

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