Faedah Kompaun Quiz

What is the formula for compound interest?

• MV = P(1 + rt)

• 
• MV = P + rt

• MV = P - r

RM5000 is deposited for 2 years at an interest rate of 6% per annum, compounded annually. What is the future value?

• RM5600

• RM5618

• RM5625

• RM5700

Farah invests RM3000 at an interest rate of 8% per annum, compounded semi-annually for 3 years. Calculate the future value.

• RM3797.87

• RM3600

• RM3900

• RM4000

Ali saves RM2500 in a savings account at an interest rate of 5% per annum, compounded quarterly for 2 years. What is the total amount accumulated?

• RM2756.27

• RM2800.50

• RM2700.20

• RM2600.80

An investment of RM1200 earns an interest of 9% per annum, compounded monthly for 1 year. Calculate the future value.

• RM1311.00

• RM1311.26

• RM1311.50

• RM1311.30

What does 'MV' mean in the compound interest formula?

• Total interest only

• Principal amount

• Mature Value

• Interest rate

Mr. Johan saves RM4000 in an investment account at an interest rate of 4% per annum, compounded monthly for 3 years. Calculate the future value.

• RM4513.50

• RM4513.47

• RM4514.50

• RM4514.00

RM1000 is deposited at an interest rate of 12% per annum, compounded quarterly for 2 years. Calculate the future value.

• RM1268.24

• RM1268.30

• RM1269.00

• RM1269.35

RM6000 is deposited at an interest rate of 10% per annum, compounded semi-annually for 5 years. What is the total amount accumulated?

• RM9772.00

• RM9772.50

• RM9773.00

• RM9772.52

You save RM8000 at an interest rate of 7% per annum, compounded monthly for 1 year. Calculate the future value.

• RM8572.62

• RM8572.00

• RM8573.00

• RM8572.60