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QR Challenge: Compound Interest Activity

Created using the ClassTools QR Treasure Hunt Generator

Teacher Notes

A. Prior to the lesson:

1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.

2. If their phone camera doesn't automatically detect and decode QR codes, ask students to

3. Print out the QR codes.

4. Cut them out and place them around your class / school.


B. The lesson:

1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.

2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.

3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!


C. TIPS / OTHER IDEAS

4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.


Questions / Answers (teacher reference)

Question

Answer

1. If the inflation rate is 6%, how much will a house now worth $465,000 be worth in 10 years?$832,744
2. Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5.5% if the money is compounded semiannually.$13,116.51
3. Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5.5% if the money is compounded quarterly$13,140.67
4. Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5.5% if the money is compounded monthly$13,157.04
5. Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5.5% if the money is compounded continuously$13,165.31
6. Find the accumulated value of an investment of $5000 for 10 years at an interest rate of 6.5% of the money is compounded semiannually$9479.19
7. Find the accumulated value of an investment of $5000 for 10 years at an interest rate of 6.5% of the money is compounded quarterly$9527.79
8. Find the accumulated value of an investment of $5000 for 10 years at an interest rate of 6.5% of the money is compounded monthly$9560.92
9. Find the accumulated value of an investment of $5000 for 10 years at an interest rate of 6.5% of the money is compounded continuously$9577.70
10. Supposed you have $12,000 to invest. Which investment yields the greater return over 4 years: 8.25% compounded quarterly or 8.3% compounded semiannually8.25%
11. If the inflation rate is 3%, how much will a house now worth $510,000 be worth in 5 years$591,230
12. What is the compound interest equation used for compounding continuously?Pe^rt
13. What is the compound interest equation used for compoundings per year?P(1 + r/m)^mt
14. How much should you invest now at 10% to have $8,000 toward the purchase of a car in 5 years if interest is A. compounded quarterly? B. compounded continuously$4882.17,$4852.25
15. If $1000 is invested in an account that earns 9.75% compounded annually for 6 years. Find the interest earned during each year and the amount in the account at the end of each year. Organize your results in a table
16. What is the annual percentage yield (APY) for money invested at an annual rate of A. 3.9% compounded monthly B. 2.3 % compounded quarterly? 3.97%,2.32%

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q1/16:

If the inflation rate is 6%, how much will a house now worth $465,000 be worth in 10 years?&choe=UTF-8

Question 1 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q2/16:

Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5.5% if the money is compounded semiannually.&choe=UTF-8

Question 2 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q3/16:

Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5.5% if the money is compounded quarterly&choe=UTF-8

Question 3 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q4/16:

Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5.5% if the money is compounded monthly&choe=UTF-8

Question 4 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q5/16:

Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5.5% if the money is compounded continuously&choe=UTF-8

Question 5 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q6/16:

Find the accumulated value of an investment of $5000 for 10 years at an interest rate of 6.5% of the money is compounded semiannually&choe=UTF-8

Question 6 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q7/16:

Find the accumulated value of an investment of $5000 for 10 years at an interest rate of 6.5% of the money is compounded quarterly&choe=UTF-8

Question 7 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q8/16:

Find the accumulated value of an investment of $5000 for 10 years at an interest rate of 6.5% of the money is compounded monthly&choe=UTF-8

Question 8 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q9/16:

Find the accumulated value of an investment of $5000 for 10 years at an interest rate of 6.5% of the money is compounded continuously&choe=UTF-8

Question 9 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q10/16:

Supposed you have $12,000 to invest. Which investment yields the greater return over 4 years: 8.25% compounded quarterly or 8.3% compounded semiannually&choe=UTF-8

Question 10 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q11/16:

If the inflation rate is 3%, how much will a house now worth $510,000 be worth in 5 years&choe=UTF-8

Question 11 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q12/16:

What is the compound interest equation used for compounding continuously?&choe=UTF-8

Question 12 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q13/16:

What is the compound interest equation used for compoundings per year?&choe=UTF-8

Question 13 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q14/16:

How much should you invest now at 10% to have $8,000 toward the purchase of a car in 5 years if interest is A. compounded quarterly? B. compounded continuously&choe=UTF-8

Question 14 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q15/16:

If $1000 is invested in an account that earns 9.75% compounded annually for 6 years. Find the interest earned during each year and the amount in the account at the end of each year. Organize your results in a table&choe=UTF-8

Question 15 (of 16)

 



Compound Interest Activity: QR Challenge

https://www.classtools.net/QR/decode.php?text=Compound Interest Activity
Q16/16:

What is the annual percentage yield (APY) for money invested at an annual rate of A. 3.9% compounded monthly B. 2.3 % compounded quarterly? &choe=UTF-8

Question 16 (of 16)