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Interest Calculation Quiz

Authored by Jason Cross

Life Skills

12th Grade

Used 1+ times

Interest Calculation Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the future value of a $1000 investment after 3 years at an annual simple interest rate of 5%?

$1150

$1050

$1500

$1100

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

If you invest $500 at a compound interest rate of 4% annually, what will be the amount after 2 years?

$520.00

$540.80

$1080.00

$562.40

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Calculate the future value of a $200 investment after 4 years at a continuous interest rate of 3%.

$225.98

$226.81

$235.00

$212.55

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the amount of simple interest earned on a $1500 investment over 5 years at an annual rate of 6%?

$450

$500

$900

$750

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A sum of $1000 is invested at a compound interest rate of 5% annually. What will be the amount after 5 years?

$1276.28

$1500.00

$1283.36

$1157.63

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Calculate the future value of a $2500 investment after 10 years at a continuous interest rate of 4%.

$3700.40

$3736.84

$3678.21

$3450.00

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the compound interest on a $600 investment after 3 years at an annual interest rate of 5%?

$92.61

$95.03

$100.00

$87.45

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