Compound Interest (Grade 10 NSC Matric Mathematics): Quizzes
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Practise the questions
10 questions from this quiz
What is compound interest?
What is compound interest?
Interest on principal and accumulated interest
What is the compound interest formula?
What is the compound interest formula?
In the formula , what does represent?
In the formula , what does represent?
Principal amount (initial investment)
In , what does the exponent represent?
In , what does the exponent represent?
Number of years
If an interest rate is 5% p.a., what is the value of in the formula?
If an interest rate is 5% p.a., what is the value of in the formula?
R30,000 invested at 6% p.a. compound interest for 4 years gives what amount?
R30,000 invested at 6% p.a. compound interest for 4 years gives what amount?
R37,874.31
R10,000 at 9% for 10 years: how much more does compound earn than simple interest?
R10,000 at 9% for 10 years: how much more does compound earn than simple interest?
R4,673.64
How does compound interest grow compared to simple interest?
How does compound interest grow compared to simple interest?
Exponentially (accelerates over time)
What is a realistic compound interest rate for aggressive investment portfolios?
What is a realistic compound interest rate for aggressive investment portfolios?
Around 13% p.a.
What effect does time have on compound interest growth?
What effect does time have on compound interest growth?
Longer periods amplify the compound effect