Exponents & Compound Interest (SDG1)

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Exponents & compounding for SDG1

Krittaporn Chokchuypirom

Thailand

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Exponents & Compound Interest (SDG1)


Froggy Jumps Exponents & Compound Interest (SDG1)Version en ligne Exponents & compounding for SDG1 par Krittaporn Chokchuypirom 1 If you invest 1500 at 4% for 5 years with annual compounding, what is A? a 1700.00 b 1900.00 c 1824.98 2 What is the growth factor after 2 years at 7% annual compounding? a 1.1449 b 1.30 c 1.14 3 At a rate r compounded annually, what is r (percent) that doubles money in 10 years? a 3.5% b 7.18% c 10% 4 A microfinance savings: $500 at 4% annually for 5 years. Final amount A approximately? a 608.32 b 650.00 c 600.00 5 In A = P(1+r)^t, what is the exponent? a t b r c P 6 If P=2000, r=0.08, t=4, A is approximately? a 2720.98 b 2700.00 c 2720.00 7 Which statement best shows how compound interest helps SDG1? a Wealth grows over time when people save. b Only benefits banks c It creates instant riches 8 Using a 9% annual rate, approximately how many years to double? (compound annually) a 12 years b 8 years c 6 years 9 With the same APR, which compounding frequency yields the highest balance after 1 year? a Annual compounding b Monthly compounding c No compounding 10 A community fund of $1000 grows at 5% annually for 3 years. What is the amount? a 1250.00 b 1050.00 c 1157.63