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This Compound Interest and Depreciation assessment also includes:
Discover how to find the value of an interest-bearing account. Individuals watch a video to learn how to use exponential functions to model compound interest. After the video, they complete a learning exercise of problems on compound interest.
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Concepts
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Instructional Ideas
- Use the document as a formative assessment instrument
Classroom Considerations
- Learners need to understand the phrase per annum
- Pupils should be aware of the pound currency symbol
Pros
- Includes an answer key and point distribution guide
Cons
- Modifications are necessary before use in US classrooms