Maths

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Compound appreciation and depreciation (Part 2)

In this lesson, we will learn about more 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.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:

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.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

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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 II)

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

Q1.If an investment of $500.00 increases by 13% per year for 6 years, the amount it would be at the end of the 6 years would be...

1/5

Q2.£100.00 decreases by 5% in one year, followed by an increase of 5% in the next year, and then decreases again by 2% for 8 years. What would the final amount be?

2/5

Q3.If a teddy bear depreciates from £3.00 by 18% per year for 5 years, what is the final value of the teddy bear?

3/5

Q4.In order to decrease an amount by 19% for 2 years, I would need to multiply the amount by 0.19^2

4/5

Q5.In order to increase an amount by 7.5% for 3 years, I would need to multiply the amount by 1.075^3

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 II)

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

Q1.If an investment of $500.00 increases by 13% per year for 6 years, the amount it would be at the end of the 6 years would be...

1/5

Q2.£100.00 decreases by 5% in one year, followed by an increase of 5% in the next year, and then decreases again by 2% for 8 years. What would the final amount be?

2/5

Q3.If a teddy bear depreciates from £3.00 by 18% per year for 5 years, what is the final value of the teddy bear?

3/5

Q4.In order to decrease an amount by 19% for 2 years, I would need to multiply the amount by 0.19^2

4/5

Q5.In order to increase an amount by 7.5% for 3 years, I would need to multiply the amount by 1.075^3

5/5

Lesson summary: Compound appreciation and depreciation (Part 2)

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Growth and decay
is:
To the power of n

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