Quick Quiz Yr 12 Simple and Compound Interest

Quick Quiz Yr 12 Simple and Compound Interest

12th Grade

7 Qs

quiz-placeholder

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Quick Quiz Yr 12 Simple and Compound Interest

Quick Quiz Yr 12 Simple and Compound Interest

Assessment

Quiz

Mathematics

12th Grade

Medium

Created by

Maria Woodbury

Used 1+ times

FREE Resource

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Calculate the simple interest earned when $500 is invested for 3 years at a rate of 3% p.a.

$45

$545

$4500

$4.50

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

$4984.73

$984.73

$20131375

$4900

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Find the rate, as a percentage, when $300 after being invested for 4 years has increased to $900

50%

5%

0.5%

0.05%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Find the present value of an investment if the future value is $5000 and it had been invested for 5 years at a rate of 1.5% p.a compounded annually

$4641.30

$5000

$5386.42

$10056.78

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Divide $5000 in the ratio of 2:3

$2000 and $3000

$4000, $1000

$2500, $3000

$1500, $3500

6.

MATCH QUESTION

10 mins • 1 pt

Match the following after reading p112 of the textbook!!!!

Initial Price

FACE VALUE

Selling Price

Amount Paid when share is bought

Market Price

Current Price

Cost Price

Amount Paid when share is sold

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Answer this question after reading p113 of the textbook! A dividend is

a share in a company

is a payment given as an amount per share

is the yield

annual rate of return