Compound interest and depreciation worksheet pdf

Compound growth and decay worksheets maths made easy. The most typical example of compound growth is compound interest. Free worksheet pdf and answer key on compound interest. We pay interest when we use other peoples money such as when we borrow from a bank or a friend. S600 invested at 6% compounded annually for 6 years. If you dont pay off any of the loan in 4 years, how much would you. The money borrowed or the money lent is called principal. We receive interest when we let others use our money for example, by depositing money in a savings account or making a loan. Some of the worksheets displayed are compound interest, compound interest name work, simple compound interest depreciation growth decay h, use simple interest to find the ending, honors pre calculus d1 work name exponential, simple and compound interest, simple. For the full list of videos and more revision resources visit uk. Interest that is earned on both the principal and any interest that has been earned previously. After 8 years the total value of the investment was. Mathematics linear 1ma0 compound interest and depreciation.

Compound interest and depreciation teaching resources tes. This is a complete lesson on compound interest and depreciation that looks at the effect of repeated percentage change. S500 invested at 4% compounded annually for 10 years. Gcse maths revision compound and simple interest and. Compound interest, population growth and depreciation. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previouslyaccumulated interest. Showing top 8 worksheets in the category compound interest growth and depreciation. How much interest would you have earned after 3 years. Simple and compound interest worksheet 1 write as decimals. The method used to solve the problem will depend on what we are trying to find. Sep 16, 2019 compound interest is interest on a principal sum and any of its accrued interest often called interest on interest. The lesson is designed for the new gcse specification. Percentage depreciation calculator good calculators. Finding p finding i interest rate per period aunt freda leaves thelma a legacysome deposit stock that was invested for ten years at 11% p.

And that makes teaching compound interest easier for you. Calculate the value of his investment, correct to the nearest penny. Maths genie revision compound interest and depreciation. It is the additional money besides the original money paid by the borrower to the money lender in lieu of the money used. Worded questions on compound interest and depreciation. Pdf interest and depreciation jackson chesterfield. A 5 p1 1 rt where a represents the amount of money in the account at the end of the time period, p is the principal, r is the annual interest rate, and t. This compound interest worksheet again explores these concepts but delves deeper into longterm compounding interest with formulas for this type of interest used most frequently by banks than simple interest. Students will practice solving for amount, principal and interest rate and time in the compound interest formula note. Depreciation amount asset value x annual percentage. Compound interest worksheet with answer key pdf 20. How much was the investment worth after five years.

Its value depreciated by 15% each year for the first three years. Applications of the compound interest formula quite often, three of the variables used in the compound interest formula are known and the fourth needs to be found. Simple and compound 8 interest interest is the fee paid for borrowed money. Compound interest, population growth and compound depreciation. In solving problems on compound interest, remember the following. The value of an investment increases over time as a result of interest being added to it, whether it be simple or compound interest. It is the interest paid on rs 100 for a specified period. Sep 02, 2019 the corbettmaths practice questions on compound interest. Write a compound interest function to model the situation. Interest, growthdecay, and halflife applying logarithms and exponential functions topics include simple and compound interest, e, depreciation, rule of. S1500 invested at 4% compounded semiannually for 7 years. A collection of 91 maths gcse sample and specimen questions from aqa, ocr, pearsonedexcel and wjec.

The next again year the depreciation value is 810, and so on. Try our easier compound interest worksheet if you have not yet taught logs. The sum of the principal and the interest is called amount. With compound interest, interest is paid on interest as well as on principal. The corbettmaths practice questions on compound interest. The amount of interest added is determined by a percentage value of the bigger sum.

Then find the balance after the given number of years. These are topics thatll be relevant for pretty much all of your class in the future. A collection of 9 1 maths gcse sample and specimen questions from aqa. Simple and compound depreciation finance, growth and decay. The basic idea is that after the first interest period, the amount of interest is added to the principal amount and then the interest is computed on this higher principal. Compound interest growth and depreciation worksheets.

Some of the worksheets displayed are mathematics linear 1ma0 compound interest and depreciation, compound interest name work, compound interest, use simple interest to find the ending, simple compound interest depreciation, simple compound interest depreciation growth decay h. Simple interest i 5 100 prn compound interest a 5 1 100 p r n 1 final amount i 5 a 2 p interest where p is the principal r is the interest rate per period expressed as a percentage n is the number of periods use 1 year 5 52 weeks 5 365 days. S750 invested at 3% compounded annually for 8 years. May 19, 2017 also compound interest math worksheet. Free worksheetpdf and answer key on compound interest. Fifth grade daily math homework for september my quizzes. The pack contains a full lesson plan, along with accompanying resources, including a student worksheet and suggested support and extension activities. With this in mind, at the end of the next year the depreciation value is 900. The value of jacksons investment doubled after 20 years. On the other side of the coin, the value of assets and items such as cars and office equipment decreases over time. Compound interest and depriciation worksheets teacher.

Compound interest growth and depreciation displaying top 8 worksheets found for this concept some of the worksheets for this concept are compound interest, compound interest name work, simple compound interest depreciation growth decay h, use simple interest to find the ending, honors pre calculus d1 work name exponential, simple and compound. Interest is a sum of money that gets added on to a bigger sum of money e. Calculate the amount sarah has in her account after 4 years. As soon as a new car leaves the dealership, its value decreases and it is considered secondhand. It covers large loans taken out by businesses and individuals making considerable investment decisions. For the love of physics walter lewin may 16, 2011 duration. Apr 14, 2015 worksheet that combines interest on finance with depreciation of value of car over loan period. Vehicles, equipment, machinery and other similar assets, all lose value over time as a result of usage and age. Reducingbalance depreciation the number of pelicans at the berg river mouth is decreasing at a compound rate of \\text12\%\ p. Pupils are going to be more engaged in lessons that apply to reallife situations. It is most commonly calculated when reinvesting earnings gained from interest on a sum back into the original deposit, thus greatly increasing the amount gained by the investor. Showing top 8 worksheets in the category compound interest and depriciation. Free 5 b4036146 prime fighters prime number mulplying game. Simple and compound depreciation finance, growth and.