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Q 1/19
Score 0
A bank offers a maturity value of $1200 for an investment of $1000 over a period of 2 years at a certain interest rate. What is the rate of interest per annum?
30
20%
15%
10%
5%
Q 2/19
Score 0
If you invest $800 in a bank for 3 years at an interest rate of 4% compounded annually, what will be the maturity value of your investment?
30
$1100.00
$960.00
$1009.22
$850.00
19 questions
Q.
A bank offers a maturity value of $1200 for an investment of $1000 over a period of 2 years at a certain interest rate. What is the rate of interest per annum?
1
30 sec
Q.
If you invest $800 in a bank for 3 years at an interest rate of 4% compounded annually, what will be the maturity value of your investment?
2
30 sec
Q.
If a loan of $2,000 is taken for 4 years at an annual interest rate of 8% and repaid in equal monthly installments, what will each installment amount to?
3
30 sec
Q.
You are planning to save $150 each month for 5 years. If the bank offers an annual interest rate of 6%, how much will you have at the end of this period using the future value of an annuity formula?
4
30 sec
Q.
A student invests $1,500 in a savings account for 6 months at an interest rate of 3% per annum. What is the maturity value at the end of this period?
5
30 sec
Q.
You want to take a loan of $5,000 at an interest rate of 7% per annum, to be paid back in monthly installments over 3 years. What will be the amount of each monthly installment?
6
30 sec
Q.
You plan to invest $2,500 in a term deposit for 1 year with a bank that offers an interest rate of 5% compounded quarterly. What will be the maturity value at the end of the term?
7
30 sec
Q.
A principal amount of $3,000 is deposited in a bank at an interest rate of 4% per annum for 10 months. What is the maturity value of the deposit at the end of this period?
8
30 sec
Q.
A financial institution offers a fixed deposit scheme where you invest $10,000 for 2 years at an annual interest rate of 5% compounded annually. What will be the maturity value at the end of the term?
9
30 sec
Q.
If you invest $4,000 in a savings account for 18 months at an annual interest rate of 6%, what is the total amount in the account at maturity using simple interest?
10
30 sec
Q.
What is the monthly installment for a loan of $10,000 at an interest rate of 7% per annum for a duration of 3 years, using simple interest?
11
30 sec
Q.
If a loan of $5000 is taken at an interest rate of 6% per annum for 2 years, what will be the total amount to be paid back at the end of the loan term?
12
30 sec
Q.
A person takes a loan of $8000 at an interest rate of 5% per annum for 4 years. What is the total interest paid at the end of the loan term using simple interest?
13
30 sec
Q.
If you are saving $200 every month in a savings account that offers an interest rate of 4% per annum, what will be the total amount saved at the end of 5 years, excluding interest?
14
30 sec
Q.
If you invest $2500 in a fixed deposit account for 2 years at an interest rate of 3% per annum, what will be the maturity value at the end of the term?
15
30 sec
Q.
What will be the total amount to be paid back for a loan of $1500 taken at a 4% annual interest rate for 1.5 years using simple interest?
16
30 sec
Q.
If a bank offers a savings account that pays 6% interest per annum, how much interest will be earned on a $4000 deposit after 3 years?
17
30 sec
Q.
A student saves $150 each month in a savings plan that offers an annual interest rate of 5%. How much will the student have saved in total after 12 months, excluding interest?
18
30 sec
Q.
If you take a personal loan of $6000 at an interest rate of 8% per annum and plan to pay it back over 5 years, what will be the total amount paid back at the end of the loan term using simple interest?
