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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
If a population of 5,000 grows by 2% per year, what will it be next year?
💡 Hint: Multiply the initial population by 1 plus the growth rate.
Question 2
Easy
What is the value of an item costing 30,000 after a year with 10% depreciation?
💡 Hint: Remember to subtract the depreciation from the original cost.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the formula for calculating future population growth using compound interest?
💡 Hint: Think about how population grows each year.
Question 2
True or False: Compound interest can also apply to depreciation calculations.
- True
- False
💡 Hint: Consider how values decrease over time.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A population is currently 1 million and is projected to grow at 3% a year. What will be the estimated population in 10 years?
💡 Hint: Adjust the formula for n = 10 years.
Question 2
A car originally costs 200,000. If it depreciates by 10% per year, calculate its value after 5 years.
💡 Hint: Use the multiplicative effect of depreciation over multiple years.
Challenge and get performance evaluation