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8.12D Calculate and Compare Simple and Compound Interest

Last updated over 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?

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1

1

Question 5

5.

Describe what the question is asking for?

1

1

1

Question 8

8.

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

1

8.12.D

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1

Question 11

11.

What is the question asking?

1

1

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 3

3.

Question 4

4.

Question 6

6.

How would you solve this problem?

Question 7

7.

Question 9

9.

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

Question 10

10.

Question 12

12.

Explain how you woould solve this problem?

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?

Question 15

15.

Question 17

17.

How much more money?

Are we comparing the interest or the total amounts?

Interest

Total amounts

Which loan produced less interest, and by how much?

A

B

C

D

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

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

Are you comparing the interest or the total amounts?

Interest

Total amounts