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Compound interest
Calculate compound interest by repeated multiplication and with A = P(1 + r)ⁿ, including interest compounded monthly and quarterly.
⏱ 20 min❓ 10 questions
What you'll be able to do
- ✔I can calculate a compounded amount by repeated multiplication and with A = P(1 + r)ⁿ
- ✔I can adjust the rate and number of periods for monthly, quarterly and half-yearly compounding
- ✔I can find the interest earned by subtracting the principal from the final amount
How this works
- 1Read the short explanations first — they teach you what you need before each question.
- 2Answer each question, then tap Check. A right answer moves you on automatically; if it's wrong, you'll see a friendly explanation of why.
- 3Finish all 3 steps to see your score — sign in and subscribe to unlock the full lesson and save it.
What's inside
10 questions and 1 quick teaching card, including:
- 🔘Multiple choice — Tap the answer you think is best, then check it.
- 🔢Number answer — Work out the answer and type the number.
👪Grown-up tip: sit alongside younger learners for the first few lessons. Read the questions together and chat about the explanations — that's where the real learning sticks.
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Curriculum: AC9M10A04