Compound appreciation and depreciation (Part 1)

In this lesson, you will learn about elements of compound appreciation and depreciation.

This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Quiz:

Intro quiz - Recap from previous lesson

Before we start this lesson, let’s see what you can remember from this topic. Here’s a quick quiz!

Q1.What would the value of £300 become if it grew by 5% and then another 5%?

1/5

Q2.If an antique appreciates by 6% per year for 11 years, the decimal multiplier would be 1.06^11.

2/5

Q3.If I want to find the 'original' price of something that is currently in a sale and has 40%, I always need to find 100% of the amount to work out the original price.

3/5

Q4.If I start with a number, increase it by 30% and then decrease it by 30%, I get back to the original number.

4/5

Q5.The decimal multiplier to increase an amount by 6% for 5 years would be...

5/5

This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Quiz:

Intro quiz - Recap from previous lesson

Before we start this lesson, let’s see what you can remember from this topic. Here’s a quick quiz!

Q1.What would the value of £300 become if it grew by 5% and then another 5%?

1/5

Q2.If an antique appreciates by 6% per year for 11 years, the decimal multiplier would be 1.06^11.

2/5

Q3.If I want to find the 'original' price of something that is currently in a sale and has 40%, I always need to find 100% of the amount to work out the original price.

3/5

Q4.If I start with a number, increase it by 30% and then decrease it by 30%, I get back to the original number.

4/5

Q5.The decimal multiplier to increase an amount by 6% for 5 years would be...

5/5

Video

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Worksheet

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This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Quiz:

Compound appreciation and depreciation (Part I)

Don’t worry if you get a question wrong! Forgetting is an important step in learning. We will recap next lesson.

Q1.Decreasing £100 by 5% for 8 years would give a final balance of...

1/5

Q2.If I deposited £500 in a bank account and left it there for 6 years at a rate of 4% compound interest, how much would I have at the end of the 6 years?

2/5

Q3.If an antique was originally bought for £55 and grew by 6.5% per year for 7 years, then the value at the end of 7 years would be £85.46 (to the nearest penny).

3/5

Q4.If 53 increased by 23% for 'n' number of years, which of the following would provide a general formula to work out how much it had grown to?

4/5

Q5.If an antique grew 6.5% a year for 7 years from the purchase price of £55, it would be worth £85.46 (to the nearest penny).

5/5

This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Quiz:

Compound appreciation and depreciation (Part I)

Don’t worry if you get a question wrong! Forgetting is an important step in learning. We will recap next lesson.

Q1.Decreasing £100 by 5% for 8 years would give a final balance of...

1/5

Q2.If I deposited £500 in a bank account and left it there for 6 years at a rate of 4% compound interest, how much would I have at the end of the 6 years?

2/5

Q3.If an antique was originally bought for £55 and grew by 6.5% per year for 7 years, then the value at the end of 7 years would be £85.46 (to the nearest penny).

3/5

Q4.If 53 increased by 23% for 'n' number of years, which of the following would provide a general formula to work out how much it had grown to?

4/5

Q5.If an antique grew 6.5% a year for 7 years from the purchase price of £55, it would be worth £85.46 (to the nearest penny).

5/5

Lesson summary: Compound appreciation and depreciation (Part 1)

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Time to move!

Did you know that exercise helps your concentration and ability to learn?

For 5 mins...

Move around:
Climb stairs

On the spot:
Dance