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Interest Calculation Quiz

Total questions: 10

Worksheet time: 2hrs 36mins

Name
Class
Date
1.

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

a)

$1150

b)

$1050

c)

$1500

d)

$1100

2.

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

a)

$520.00

b)

$540.80

c)

$1080.00

d)

$562.40

3.

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

a)

$225.98

b)

$226.81

c)

$235.00

d)

$212.55

4.

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

a)

$450

b)

$500

c)

$900

d)

$750

5.

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

a)

$1276.28

b)

$1500.00

c)

$1283.36

d)

$1157.63

6.

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

a)

$3700.40

b)

$3736.84

c)

$3678.21

d)

$3450.00

7.

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

a)

$92.61

b)

$95.03

c)

$100.00

d)

$87.45

8.

If $800 is invested at a simple interest rate of 4% annually, what will be the total amount after 6 years?

a)

$992.00

b)

$950.00

c)

$1048.00

d)

$928.00

9.

A sum of $1200 is invested at a compound interest rate of 6% annually. What will be the amount after 4 years?

a)

$1519.64

b)

$1432.25

c)

$1600.00

d)

$1357.35

10.

Calculate the amount of continuous interest earned on a $1000 investment over 2 years at an annual rate of 3%.

a)

$60.81

b)

$61.83

c)

$62.97

d)

$59.00