Simple vs compound interest (card sort post assessment)

Is the following equation a simple or compound interest example?

A = 500 + 60n

• Simple

• Compound

• Both on Thursdays

What is the interest presented in this equation?

A = 500 + 60n

• 60%

• 12%

• 6%

• 5%

• Simple

• Compound

• 6%

• 70%

• 7%

• 10.7%

How many year will it take your money to double in the following equation.

A = 900 + 15n

(Type only your numerical answer.)

Write the equation that fits the description:

Investment $560

Simple Interest Rate 4.5%

• A=560 +4.5n

• A=560 + .045n

• A=560 + 25.2n

After 10 years, what is the return rate (not the same as APR) on your investment?

A = 800 + 40n

• 40%

• 5%

• 50%

Write the equation that fits the description:

Investment $1000

Compound Interest Rate 6%

• A = 100 + 6n

• A = 1000 + 60n

Simple interest equations graph to be a(n) _________.

• growth curve

• line

• decay curve

• 

In the following equation, 700 stands for __________.

A = 700 + 56n

• principal (starting investment)

• interest earned on investment

• annual percentage rate

• area code of the bank used