Maths

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Compound appreciation and depreciation (Part 1)

In this lesson, we 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.

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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.

Unit quizzes are being retired in August 2023

Why we're removing unit quizzes from the website >
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

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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.

Unit quizzes are being retired in August 2023

Why we're removing unit quizzes from the website >
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.

Unit quizzes are being retired in August 2023

Why we're removing unit quizzes from the website >
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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The next lesson in:
Growth and decay
is:
Compound appreciation and depreciation (Part 2)

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