Chapter 2: Factors, Effect of Time & Interest on Money
Quiz
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Other
•
University
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Easy
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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