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INVESTIGATION: Exploring interest with spreadsheets

Interactive practice questions

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Outcomes

4.3.1.1

review the principles of simple interest through substitution of given values for other pronumerals into a mathematical formula to find the value of the subject of the formula

4.3.1.5

use technology (spreadsheet) to calculate the future value of a compound interest loan or investment and the total interest paid or earned [complex]

4.3.1.7

use technology (spreadsheet) to compare, numerically and graphically, the growth of simple interest and compound interest loans and investments [complex]

4.3.1.9

use technology (spreadsheet) to investigate the effect of the interest rate and the number of compounding periods on the future value of a loan or investment [complex]

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