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secret

Total questions: 12

Worksheet time: 17mins

Name
Class
Date
1.

Round your answer to the nearest whole number

Calculate the Simple Interest;

Principal Amount: 620,000 baht

Interest rate: 3%

Time: 27 months

(a)  

2.

You invest a million baht in stocks. The bank will give you 5% simple interest. How much money will you have have if You decides to pull out his money in 7.5 years?

(a)  

3.

Calculate the compound interest of 100,000 baht invested at 3.85% compounded annually for 15 years. Round your answer to the nearest whole number

(a)  

4.

Calculate the compound interest; 860,000 baht invested at 4.67% compounded monthly for 7 years. Round your answer to the nearest whole number.

(a)  

5.

Calculate the compound interest; 930,000 baht invested at 8.24% compounded quarterly for 12 years. Round your answer to the nearest whole number.

(a)  

6.

Let's say your Dad decide to invest some money for you on your 18th birthday. They invest half million baht at a 2% interest rate that is compounded semiannually. They have told you that you can’t take out the money until you are 35. How much money will you have at age 35? Round your answer to the nearest whole number.

(a)  

7.

Calculate the present value if the money is compounded as indicated;

       512,669.97 baht at 2.5% compounded quarterly for 8 years.

Round your answer to the nearest whole number.

(a)  

8.

Jessa needs to pay of 180,000 baht debt in 2 years. Her creditor, the bank, is willing to accept payment today, discounted at an interest rate of 6% compounded monthly. How much is her creditor willing to accept today?

Round your answer to the nearest whole number.

(a)  

9.

Calculate the interest rate 960,000 baht accumulating to 1,244,246.54 baht, compounded quarterly for 13 years. Answer should express in %

(a)  

10.

Adam invests 350,000 baht in a retirement account with an annual interest rate    compounded quarterly. After 10 years the balance reaches 650,734 baht. What is the interest rate of the account? Express your answer in % with two decimal numbers

(a)  

11.

Suppose the 280,000 baht is deposited at 4.45% compounded quarterly until it reaches at least 543,812.188 baht. How many years is required?

(Answer should express in years and no decimal numbers.)

(a)  

12.

find the time(in years) required for 77,000 baht deposited at 6% compounded quarterly, to reach at least 116,826 baht.

(a)