Investments (HSC SSCE Mathematics Standard): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the key feature of compound interest?
What is the key feature of compound interest?
Interest on interest and principal
What is the correct future value formula?
What is the correct future value formula?
How do you convert 6.5% to a decimal for use in the formula?
How do you convert 6.5% to a decimal for use in the formula?
Divide by 100 to get 0.065
If 5000 USD is invested for 5 years at 6.5% p.a., what is the future value?
If 5000 USD is invested for 5 years at 6.5% p.a., what is the future value?
6850.43 USD
If USD and USD, what is the interest earned?
If USD and USD, what is the interest earned?
1850.43 USD
For monthly compounding over 4 years, how do you adjust the rate and periods?
For monthly compounding over 4 years, how do you adjust the rate and periods?
Divide rate by 12, multiply years by 12
What is the present value formula?
What is the present value formula?
What question does present value answer?
What question does present value answer?
How much to invest now for future goal?
What shape does compound interest create when graphed?
What shape does compound interest create when graphed?
Exponential curve that steepens
Why does the compound interest curve get steeper over time?
Why does the compound interest curve get steeper over time?
Interest accelerates over time