Compound Interest & Depreciation (Leaving Cert Mathematics): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
ShowHide
Practise the questions
12 questions from this quiz
In the compound interest formula , what does represent?
In the compound interest formula , what does represent?
Final amount
In the formula , what does represent?
In the formula , what does represent?
Interest rate
What does represent in ?
What does represent in ?
Initial value
€850 invested for 6 years at 4.5% gives what final amount?
€850 invested for 6 years at 4.5% gives what final amount?
€1106.92
If €850 grows to €1106.92, what is the interest earned?
If €850 grows to €1106.92, what is the interest earned?
€256.92
An annual interest rate of 4.5% converts to what decimal value for ?
An annual interest rate of 4.5% converts to what decimal value for ?
0.045
€10,000 borrowed for 3 years at 5% APR gives what final amount?
€10,000 borrowed for 3 years at 5% APR gives what final amount?
€11,576.25
€ grows by 42.2% over 8 years. What is the annual interest rate?
€ grows by 42.2% over 8 years. What is the annual interest rate?
4.5%
To find time in , which method is used?
To find time in , which method is used?
Logarithms
How many years for €20,000 to grow to €23,152.50 at 5% interest?
How many years for €20,000 to grow to €23,152.50 at 5% interest?
3 years
If , what is the next step to find ?
If , what is the next step to find ?
Divide both sides by
To isolate from , what operation is needed?
To isolate from , what operation is needed?
Take the 8th root