Summary (Grade 11 NSC Matric Mathematics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Which formula represents compound interest calculations?
Which formula represents compound interest calculations?
Why does simple interest remain constant each year?
Why does simple interest remain constant each year?
Calculated only on original principal
Which formula shows simple depreciation?
Which formula shows simple depreciation?
What does compound interest calculate on?
What does compound interest calculate on?
Principal and previously earned interest
What does represent in interest formulas?
What does represent in interest formulas?
Principal (initial amount)
What is the nominal interest rate?
What is the nominal interest rate?
Stated annual rate without compounding
How does effective rate compare to nominal rate when compounding occurs more than once yearly?
How does effective rate compare to nominal rate when compounding occurs more than once yearly?
Effective rate is always higher
In , what does represent?
In , what does represent?
Number of compounding periods per year
What effective rate equals 8.75% nominal compounded monthly?
What effective rate equals 8.75% nominal compounded monthly?
9.12%
When comparing loan options with different compounding, which rate should you compare?
When comparing loan options with different compounding, which rate should you compare?
Effective annual rates