What is the future value we aim to achieve in the problem statement?

Interest Rates and Compounding Concepts

Interactive Video
•
Mathematics
•
9th - 10th Grade
•
Hard

Olivia Brooks
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$10,000
$20,000
$5,000
$15,000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How often is the interest compounded in the given problem?
Annually
Quarterly
Monthly
Semi-annually
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term 'biannual' mean?
Once every two years
Once a year
Twice every two years
Twice a year
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the meaning of 'biennial'?
Twice a year
Once every two years
Once a year
Three times a year
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a 'centenary' refer to?
Every 100 years
Every 50 years
Every 10 years
Every 5 years
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many compounding periods are there in five years if compounded semi-annually?
5
20
10
15
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the interest rate per half year if the annual rate is 6.6%?
3.3%
6.6%
0.66%
1.65%
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