[MAT112: 3 Compund Interest]

What does P represent in the equation S=P(1+i)ⁿ ?

• rate

• principal

• time

• amount

Tags

CCSS.8.EE.C.7B

What does i represent in the equation S=P(1+i)ⁿ?

• annual nominal rate

• periodic interest rate

• simple interest rate

• compound interest rate

What does n represent in the equation S=P(1+i)ⁿ?

• number of interest

• number of investment

• number of interest periods in the investment period

• number of monthly investment

RM2000 is invested for 3 years. This investment is offered 10% compounded every 2 months. In this scenario, RM2000 is mentioned as part of the investment. What does this amount represent?

• Future Value

• Face Value

• Maturity Value

• Principal

Tags

CCSS.HSF-LE.A.1C

RM2000 is invested for 5 years 3 months. This investment is offered 10% compounded every 2 months. In this scenario, 5 years 3 months is mentioned as part of the investment. What is this duration in years?

• 5.3 years

• 5.75 years

• 5.25 years

If an investment of RM3000 is made at a 12% annual interest rate compounded quarterly, what is the periodic interest rate?

• 3%

• 0.03%

• 12%

• 4%

What is the total number of interest in the investment periods if an investment of RM5000 is made for 4 years at a 6% interest rate compounded monthly?

• 48

• 24

• 36

• 60

Tags

CCSS.HSF-LE.A.1C

If an investment of RM4000 is made at a 5% annual interest rate compounded semi-annually, what will be the total amount after 3 years?

• RM4620

• RM4600

• RM4500

• RM4638.77

What is the future value of an investment of RM2500 at a 7% interest rate compounded annually for 6 years?

• RM4000

• RM3751.83

• RM3000

• RM4500

"In the equation n=mt, what does "t" represent?"

• time in years

• time in months

• time in days

• frequency of conversion

Tags

CCSS.6.EE.C.9