Chapter Two Revision

if the Interest is 6% annually compound monthly the i% will be

• 6%

• 0.5%

• 1%

• 72%

if the Interest is 3% compounding quarterly the interest will be

• 3%

• 0.75%

• 1%

• 12%

if the Interest is 20% annually compounding semi-annually the interest will be

• 20%

• 10%

• 40%

• 5%

if a loan was repaid in 4 years for compounded rate 7% each 4 months how much is the n ??

• 12

• 16

• 9

• 21

if a loan was repaid in 2 years for compounded rate 4% each months how much is the n ??

• 24

• 12

• 6

• 8

if the interest was 5% compounded monthly what is the annual rate

• 60%

• 50%

• 30%

• 40%

Find the Compound Amount for BD 12750 at interest rate 4% every 4 months for 20 years

• 134125.2495

• 124125.2495

Ahmed Deposited BD 5000 at 3% semi-annually. Find the Compound Amount at the end of 8.5 years.

• 8264.238

• 3264.238

A Trader borrowed BD 5000 from a bank at rate 14% annually, that interest compounded quarterly. Find the interest at the end of 5 years and 9 months

• 6030.5

• 5030.5

Find the compound interest for BD 4500 invested at 6% annually for 2 years and 4 months

• 5155.2

• 655.2