8.12D Calculate and Compare Simple and Compound Interest
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Last updated over 5 years ago
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8.12D Comparing Simple and Compound Interest
8.12D Comparing Simple and Compound Interest
How much more with the investment earn with compound interes thatn with simple interest?
What is the question asking?
Are we comparing the interest or the total amounts?
Describe what the question is asking for?
How would you solve this problem?
Consider: Are you comparing the interest amounts or th total amounts?
Which account would you need to add back the principal to get the total balance and why?
What is the question asking?
Explain how you woould solve this problem?
If Lila plans to open an account that will earn her more interest over these 8 years, how much interest will she earn?
What is the question asking for?
Are you comparing the interest or the total amounts?
Explain who has more money in their account?
How much more money?
Which loan produced less interest, and by how much?
Which method of earning interest should she choose, simple or compound, and how mucg more interest will she earn using that method?
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?
