3NT Compound Interest, Algebraic expansion and Fractions
Authored by Mrs Loh
Mathematics
9th - 10th Grade
Used 3+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John invested $5000 in the bank which is compounded yearly. The bank provided and interest rate of 4% per annum. Which formula best represent the total amount earned after 3 years?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John invested $5000 in the bank which is compounded monthly. The bank provided and interest rate of 4% per annum. Which formula best represent the total amount earned after 3 years?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John invested $5000 in the bank which is compounded half yearly. The bank provided and interest rate of 4% per annum. Which formula best represent the total amount earned after 3 years?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John invested $5000 in the bank which is compounded quarterly. The bank provided and interest rate of 4% per annum. Which formula best represent the total amount earned after 3 years?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John invested $5000 in the bank which is compounded yearly. The bank provided and interest rate of 4% per annum. Which formula best represent the compound interest earned after 3 years?
Answer explanation
Formula to find compound interest is:
Compound Interest = Total Amount - Principal
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Answer explanation
Bracket means something to do with multiplication.
There is only one term outside the bracket. Means it must be multiplied to all terms in the bracket.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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