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8.12D Calculate and Compare Simple and Compound Interest

Last updated about 5 years ago

17 questions

Note from the author:

8.12D Comparing Simple and Compound Interest

1

Question 1

1.

How much more with the investment earn with compound interes thatn with simple interest?

1

Question 2

2.

What is the question asking?

1

Question 3

3.

Are we comparing the interest or the total amounts?

Interest

Total amounts

1

1

Question 5

5.

Describe what the question is asking for?

1

Question 6

6.

How would you solve this problem?

1

1

Question 8

8.

Consider: Are you comparing the interest amounts or th total amounts?

1

Question 9

9.

Which account would you need to add back the principal to get the total balance and why?

1

1

Question 11

11.

What is the question asking?

1

Question 12

12.

Explain how you woould solve this problem?

1

Question 13

13.

If Lila plans to open an account that will earn her more interest over these 8 years, how much interest will she earn?

1

Question 14

14.

What is the question asking for?

1

1

Question 16

16.

Explain who has more money in their account?

1

Question 17

17.

How much more money?

Question 4

4.

Which loan produced less interest, and by how much?

A

B

C

D

Question 7

7.

Which method of earning interest should she choose, simple or compound, and how mucg more interest will she earn using that method?

A

B

C

D

Question 10

10.

In which account will Sean earn more money over the five years? How much more money will he earn than if he had chosen the other account?

A

B

C

D

Question 15

15.

Are you comparing the interest or the total amounts?

Interest

Total amounts