Unit+5Consumer+Arithmetic

April 19,

April 18, Read about compound interest from the following documetns. Then prepare a table in spreadsheet and solve the problems:

1) Calculate the total amount owing on a loan of $16 000 after two years, if the 14% interest p.a. is: (a) compounded annually (b) compounded every half year. (Hint: the interest rate will be 7% for a half year.)

2) How much would an investor have to repay on a debt of $8000 after one and a half years, if the 12% interest p.a. is compounded: (a) half-yearly (b) quarterly, i.e. every three months?

When you finish, play http://www.eudactica.com/supergame/supergame.html

April 16,

Please open this page http://www.tutorialsforopenoffice.org/tutorial/Spreadsheet_Math.html and follow the instructions. You can work with either OpenOffice Clac or Excel. At the end of the lesson, please send me an email and write if you managed to do everything and if you found it easy or difficult.

If you finish play SuperT online http://www.eudactica.com/supergame/supergame.html