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Appreciation and Depreciation Practice calculation.
Authored by Geoffrey Lufanana
Mathematics
9th Grade
CCSS covered
Used 13+ times
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20 questions
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1.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
After how many years will a $2400 sapphire ring be worth $8000 if it increases in value by 10.5% annually, compounded annually. Round to the nearest year.
Tags
CCSS.HSF.LE.A.4
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
You bought a Boston Whaler in 2004 for $12,500. The boat's value depreciates by 7% a year. How much is the boat worth in 2012?
Tags
CCSS.HSF.BF.A.2
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ash has $8,000 in a savings account. The interest rate is 3% compounded once a year.
To the nearest cent, how much will he have in his account in 4 years?
$9,004.07
$2,2848.80
$9,011.94
$8,242.71
Tags
CCSS.HSF-LE.A.1C
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You buy a new computer for $2100. The computer decreases by 50% annually. How much is it worth after 2 years.
Tags
CCSS.HSF.BF.A.2
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Halle deposited $4000 into an account that earns 5% interest each year. The growth of her investment can be expressed by the exponential equation, A = 4000(1 + .05)t, where A is the amount in the account after t years. In how many years will her account exceed $10,000?
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The population of a small coastal resort town, currently 3400, grows at a rate of 3% per year. This growth can be expressed by the exponential equation P = 3400(1+.03)x, where P is the population after t years. Find the number of years it will take for the population to reach 10,000?
Tags
CCSS.HSF.LE.A.4
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the formulas below can be used for appreciation?
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