15.2 Compound Interest

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•

Mathematics

•

7th - 11th Grade

•

Medium

Hanna Drakos

Used 3+ times

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12 Slides • 13 Questions

15.2 Compound Interest

by Hanna Drakos

What is Compound Interest?

Example

Each end of year balance, becomes the new starting balance for the beginning of the next year.

Complete this question into your books and then check the solution on the next slide if you got stuck.

Solution to previous question

Complete this question into your books and then select the correct answers on each of the next few slides.

Multiple Choice

Answer to a.

$480

$330

$390

$420

Multiple Choice

Answer to b.

$12 480

$12 330

$15 390

$15 420

Multiple Choice

Answer to c.

$12 979.20

$11 331.80

$15 990.01

$14 420.30

Multiple Choice

Answer to d.

$13 498.37

$11 931.80

$15 990.01

$14 420.30

Multiple Choice

Answer to e.

$1 498.37

$1 931.80

$1 990.01

$1 420.30

Complete this question into your books and then select the correct answer for c. on the next slide.

Multiple Choice

Answer to c.

$3.90

$4.10

$2.75

$4.82

Complete this question into your books and then select the correct answer for b. on the next slide.

Multiple Choice

Answer to b.

$310.08

$254.90

$296.07

$376.20

Complete this question into your books and then select the correct answers on the next few slides.

Multiple Choice

Answer to a.

$9600

$7000

$1000

$10900

Multiple Choice

Answer to b.

0.8%

0.9%

10%

1.4%

How to answer c.

Monthly rate of interest to yearly rate of interest

= Monthly rate x 12

= 0.8%p.month. x 12 months

= 9.6%p.a.

Multiple Choice

Answer to d.

$154.21

$318

$265.30

$190.40

Complete this question into your books and then select the correct answers on the next few slides.

Fill in the Blanks

Type answer...

Multiple Choice

Answer to b.

X = Nick

Y = Adam

X = Adam

Y = Nick

Multiple Choice

Answer to c.

Nick's investment is better by about $35

Adam's investment is better by about $35

15.2 Compound Interest

by Hanna Drakos

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