Future Value (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 distinguishes compound interest from simple interest?
What distinguishes compound interest from simple interest?
Interest on principal + past interest
Which formula correctly calculates future value with compound interest?
Which formula correctly calculates future value with compound interest?
Convert 7.5% to decimal form for use in compound interest formulas.
Convert 7.5% to decimal form for use in compound interest formulas.
For monthly compounding over 8 years, what is (number of compounding periods)?
For monthly compounding over 8 years, what is (number of compounding periods)?
If annual rate is 8.5%, what monthly rate should be used in the formula?
If annual rate is 8.5%, what monthly rate should be used in the formula?
Which formula calculates compound interest earned?
Which formula calculates compound interest earned?
When should you use the present value formula ?
When should you use the present value formula ?
Finding initial investment needed
What is the critical rule about in compound interest formulas?
What is the critical rule about in compound interest formulas?
Must match compounding period
With positive interest rates, how should compare to ?
With positive interest rates, how should compare to ?
Which two factors are most powerful in compound interest growth?
Which two factors are most powerful in compound interest growth?
Time and rate