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[MAT112: 3 Compund Interest]

Authored by AR Norzanah

Mathematics

University

CCSS covered

Used 3+ times

[MAT112: 3 Compund Interest]
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does P represent in the equation S=P(1+i)n ?

rate

principal

time

amount

Tags

CCSS.8.EE.C.7B

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does i represent in the equation S=P(1+i)n?

annual nominal rate

periodic interest rate

simple interest rate

compound interest rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does n represent in the equation S=P(1+i)n?

number of interest

number of investment

number of interest periods in the investment period

number of monthly investment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

RM2000 is invested for 3 years. This investment is offered 10% compounded every 2 months. In this scenario, RM2000 is mentioned as part of the investment. What does this amount represent?

Future Value

Face Value

Maturity Value

Principal

Tags

CCSS.HSF-LE.A.1C

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

RM2000 is invested for 5 years 3 months. This investment is offered 10% compounded every 2 months. In this scenario, 5 years 3 months is mentioned as part of the investment. What is this duration in years?

5.3 years

5.75 years

5.25 years

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If an investment of RM3000 is made at a 12% annual interest rate compounded quarterly, what is the periodic interest rate?

3%

0.03%

12%

4%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total number of interest in the investment periods if an investment of RM5000 is made for 4 years at a 6% interest rate compounded monthly?

48

24

36

60

Tags

CCSS.HSF-LE.A.1C

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