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SAT Advanced Percentage and Compound Growth Investment Practice Questions

SAT Advanced Percentage and Compound Growth Investment Practice Questions

1 / 15

An investment grows by \(10 \\%\) annually. If the initial investment is \(10,000\), what will be the total amount after five years, and what is the percentage increase from the initial investment?

2 / 15

A student scored \(75 \\%\) on a test with \(120\) questions. To improve their score to \(85 \\%\), how many additional correct answers are needed?

3 / 15

A population of bacteria doubles every hour. If the initial population is \(P\), and after three hours, \(30 \\%\) of the population dies, what is the remaining population?

4 / 15

A car's value depreciates by \(15 \\%\) each year. If the car is initially worth \(20,000\), what will its value be after two years?

5 / 15

A store increases the price of an item by \(20 \\%\) and then offers a \(10 \\%\) discount on the new price. If the final price of the item is \(108\), what was the original price of the item?

6 / 15

A number increased by \(25 \\%\) becomes \(225\). Find the original number.

7 / 15

What is \(150 \\%\) of \(180\)?

8 / 15

If \(z\) percent of \(700\) is \(210\), determine \(z\).

9 / 15

What percentage of \(300\) is \(90\)?

10 / 15

If a number decreased by \(30 \\%\) is \(140\), what was the original number?

11 / 15

What is \(120 \\%\) of \(200\)?

12 / 15

If \(y\) percent of \(500\) is \(150\), find \(y\).

13 / 15

A number increased by \(20 \\%\) becomes \(240\). What was the original number?

14 / 15

What is \(85 \\%\) of \(160\)?

15 / 15

If \(x\) percent of \(480\) equals \(96\), what is \(x\)?

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About This Quiz

The foundational concept connecting all these questions is the manipulation and application of percentages in various scenarios, including compound growth, depreciation, and multi-step calculations.

Percentages are used to express parts of a whole, typically out of 100. When dealing with percentage increases or decreases, you can use the formula:

Final Value = Initial Value × (1 + rate)

For compound growth or depreciation, the formula becomes:

Final Value = Initial Value × (1 + rate)time

These formulas help calculate the final value after a certain period or after multiple percentage changes.

Success Tips for Answering Percentage and Compound Growth Questions

  • Understand the Basics: Make sure you understand how to convert between percentages and decimals. For example, [latex]20\% = 0.20[/latex].
  • Identify the Type of Problem: Determine whether the problem involves simple percentage change, compound growth, or depreciation. Each requires a slightly different approach.
  • Use Formulas Correctly: Apply the appropriate formula based on the problem. For compound growth, use [latex]Final Value = Initial Value \\times (1 + rate)^{time}[/latex]. For simple percentage change, use [latex]Final Value = Initial Value \\times (1 + rate)[/latex].
  • Break Down Multi-Step Problems: Tackle multi-step problems step-by-step. Calculate intermediate values before finding the final answer. For example, first calculate the value after the increase, then apply the discount.
  • Check Your Work: Always verify your calculations by plugging the values back into the original equations or checking if the logic makes sense.
  • Practice Regularly: Regular practice with a variety of percentage and growth problems will improve your speed and accuracy.