U5 Lessons 17,18,19,20

I deposit my money into a bank that gives 6% interest annually (compounded/month). How much interest is charged monthly?

• 0.5%
• 6%
• 72%
• 3%

A couple has $5000 and has to choose between three investment options over 5 years.

• 2.25% interest per quarter, for five years, is the best scheme
• 3% interest every four months, for five years, is the best scheme
• 4.5% interest every six months, for five years, is the best scheme

How should I invest my $100? I'm trying to get really rich.

• 10% interest per year over one year
• 10% interest per month over 6 months
• 15% interest per year over a decade
• 20% interest per year over 2 years

I deposit my money into a bank that gives 12% interest copmounded annually. How much interest is charged monthly?

• 1%
• 12%
• 144%
• 6%

I buy an Aston Martin with a monthly payment of $500. I am late on my payments and 10% interest is applied perlatemonth.

• I owe $550 after 1 year
• I owe $605 after 2 years
• I owe $500 after 1 year
• I owe 600 after 2 years

How much is $100 compounded with a 10% interest per year over 10 years rounded? (hint: after one year it's 100 * 1.10)

• $259
• $200
• $247
• $235