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WorksheetsPop quiz mat402
Total questions: 9
Worksheet time: 4mins
What is sequence?
A list of random numbers
A list of numbers arranged in specified order
A list of common numbers
A list of symbols
100, 110, 121,......
Given the sequence above. Find the first term and common ratio.
a=100, r=10
a=100, r=11
a=100, r=1.1
a=100, d=1.1
Interest is money earned when money is (a)
The simple amount is the sum of the original (a) and the interest earned.
Which method is the banker's rule?
Exact time and ordinary simple interest
Exact time and exact simple interest
Approximate time and ordinary simple interest
Approximate time and exact simple interest
Frequency of conversions denoted as
n
t
m
k
Give the answer for value of n if the investment is invested for 2 years compounded every four months.
6
8
12
24
Which bank offers the best rates for loans:
Bank A : 12% compounded quarterly
Bank B : 13.55% compounded annually
(a)
(a) is a series of equal payments made at equal intervals of time.
