Quick Quiz Yr 12 Simple and Compound Interest

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

• $45

• $545

• $4500

• $4.50

• $4984.73

• $984.73

• $20131375

• $4900

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

• 50%

• 5%

• 0.5%

• 0.05%

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

Divide $5000 in the ratio of 2:3

• $2000 and $3000

• $4000, $1000

• $2500, $3000

• $1500, $3500

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

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