Chapter 2:  Factors, Effect of Time & Interest on Money

Chapter 2: Factors, Effect of Time & Interest on Money

University

11 Qs

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Chapter 2:  Factors, Effect of Time & Interest on Money

Chapter 2: Factors, Effect of Time & Interest on Money

Assessment

Quiz

Other

University

Easy

Created by

Suriyaphong Nilsang

Used 11+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • Ungraded

•Who has more saving money at year 30?

Mr. A

Mr. B

2.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

•Who has more saving money at year 30?
with Rate of Return 8% per year

Mr. A

Mr. B

3.

MULTIPLE CHOICE QUESTION

3 mins • Ungraded

A person deposits $5000 into an account which pays interest at a rate of 8% per year. 
The amount in the account after 10 years is closest to:

2,792

9,000

10,795

12,165

4.

MULTIPLE CHOICE QUESTION

5 mins • Ungraded

A small company wants to make a single deposit now so it will have enough money to

purchase a backhoe costing $50,000 five years from now.  If the account will earn

interest of 10% per year, the amount that must be deposited now is nearest to:

$10,000

$31,050

$33,250

$319,160

5.

WORD CLOUD QUESTION

5 mins • Ungraded

Show present worth at present time, t = 0. If Mr. Sompong deposit $5000 at 10 years ago,
$10,000 at 5 years ago, and $20,000 a year ago, the bank pays interest at a rate of 8% per year

6.

MULTIPLE CHOICE QUESTION

5 mins • Ungraded

A chemical engineer believes that by modifying the structure of a certain water

treatment polymer, his company would earn an extra $5000 per year. At an interest

rate of 10% per year, how much could the company afford to spend now to just

break even over a 5 year project period?

$11,170

$13,640

$15,300

$18,950

7.

MULTIPLE CHOICE QUESTION

5 mins • Ungraded

An industrial engineer made a modification to a chip manufacturing process that will save her company $10,000 per year. At an interest rate of 8% per year, how much will the savings amount to in 7 years? 

$45,300

$68,500

$89,228

$151,500

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