MAE1 10-08-23

• The number of compounding periods

• The interest rate, as a percentage

• The principle amount that you started with

• The accumulated amount at the end of the investment

• The number of compounding periods

• The interest rate, as a percentage

• The principle amount that you started with

• The accumulated amount at the end of the investment

• The number of compounding periods

• The interest rate, as a percentage

• The principle amount that you started with

• The accumulated amount at the end of the investment

• The number of compounding periods

• The interest rate, as a percentage

• The principle amount that you started with

• The accumulated amount at the end of the investment

Match the following percentages to their fractions

• 0.05/100

• 15%

• 6/100

• 6%

• 3.4/100

• 0.05%

• 2.03/100

• 2.03%

• 15/100

• 3.4%

Calculate the final balance of the following investment:

$750 invested at 6% p.a. compounded annually for 4 years

Mathematical Equivalence

ON

Calculate the final balance of the following investment:

$1000 invested at 3% p.a. compounded annually for 3 years

Mathematical Equivalence

OFF

A bank advertises interest rates of 2.5% p.a. Express this as a:

• 0.007% per day

• Quarterly rate

• 1.25% per half year

• Monthly rate

• 0.625% per quarter

• Daily rate

• 0.05% per week

• Half-yearly rate

• 0.21% per month

• Weekly rate