Appreciation and Inflation (HSC SSCE Mathematics Standard): Quizzes
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Practise the questions
10 questions from this quiz
What is appreciation?
What is appreciation?
When asset values increase over time
Why does the dollar amount of appreciation increase each year at a constant percentage rate?
Why does the dollar amount of appreciation increase each year at a constant percentage rate?
Growth calculated on previous higher value
In the formula , what does represent?
In the formula , what does represent?
Rate per period as a decimal
How should 9% be expressed as a decimal in the appreciation formula?
How should 9% be expressed as a decimal in the appreciation formula?
What is inflation?
What is inflation?
Rise in prices of goods and services
What does the Consumer Price Index (CPI) track?
What does the Consumer Price Index (CPI) track?
Prices of a fixed basket of goods
What is the Reserve Bank of Australia's target inflation rate?
What is the Reserve Bank of Australia's target inflation rate?
2-3% per annum
How are appreciation and inflation calculations related?
How are appreciation and inflation calculations related?
Both use the same compound growth formula
A property worth 500,000 USD appreciates at 8% p.a. for 2 years. Find its value (nearest dollar).
A property worth 500,000 USD appreciates at 8% p.a. for 2 years. Find its value (nearest dollar).
583,200 USD
A 300 USD item faces 3% inflation for 1 year. What is the new price?
A 300 USD item faces 3% inflation for 1 year. What is the new price?
309 USD