Exponents & Compound Interest (SDG1)

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Exponents & compounding for SDG1

Created by

Krittaporn Chokchuypirom

Thailand

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Froggy Jumps Exponents & Compound Interest (SDG1)Online version Exponents & compounding for SDG1 by 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

Froggy Jumps

Exponents & Compound Interest (SDG1)Online version

Exponents & compounding for SDG1

by Krittaporn Chokchuypirom

If you invest 1500 at 4% for 5 years with annual compounding, what is A?

1700.00

1900.00

1824.98

What is the growth factor after 2 years at 7% annual compounding?

1.1449

1.30

1.14

At a rate r compounded annually, what is r (percent) that doubles money in 10 years?

3.5%

7.18%

10%

A microfinance savings: $500 at 4% annually for 5 years. Final amount A approximately?

608.32

650.00

600.00

In A = P(1+r)^t, what is the exponent?

If P=2000, r=0.08, t=4, A is approximately?

2720.98

2700.00

2720.00

Which statement best shows how compound interest helps SDG1?

Wealth grows over time when people save.

Only benefits banks

It creates instant riches

Using a 9% annual rate, approximately how many years to double? (compound annually)

12 years

8 years

6 years

With the same APR, which compounding frequency yields the highest balance after 1 year?

Annual compounding

Monthly compounding

No compounding

A community fund of $1000 grows at 5% annually for 3 years. What is the amount?

1250.00

1050.00

1157.63

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Exponents & Compound Interest (SDG1)

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Exponents & Compound Interest (SDG1)Online version

by Krittaporn Chokchuypirom

If you invest 1500 at 4% for 5 years with annual compounding, what is A?

What is the growth factor after 2 years at 7% annual compounding?

At a rate r compounded annually, what is r (percent) that doubles money in 10 years?

A microfinance savings: $500 at 4% annually for 5 years. Final amount A approximately?

In A = P(1+r)^t, what is the exponent?

If P=2000, r=0.08, t=4, A is approximately?

Which statement best shows how compound interest helps SDG1?

Using a 9% annual rate, approximately how many years to double? (compound annually)

With the same APR, which compounding frequency yields the highest balance after 1 year?

A community fund of $1000 grows at 5% annually for 3 years. What is the amount?

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