# Compound Interest - Quiz

## Quiz by Cathy Tumarao

Feel free to use or edit a copy

includes Teacher and Student dashboards

### Measure skillsfrom any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet

- Q1
Assuming that your father asks you about investment and wants to know the interest that will be earned if he will invest ₱500,000.00 in a certain bank that offers an annual compounding interest of 8% for 5 years.

Question #1: How much interest is yield on the 1st year?

Users enter free textType an Answer30s - Q2
Assuming that your father asks you about investment and wants to know the interest that will be earned if he will invest ₱500,000.00 in a certain bank that offers an annual compounding interest of 8% for 5 years.

Question #2: How much is the maturity value on the 1st year?

540000

30s - Q3
Assuming that your father asks you about investment and wants to know the interest that will be earned if he will invest ₱500,000.00 in a certain bank that offers an annual compounding interest of 8% for 5 years.

Question #3: The interest earned during the second year is 43200. Show the solution in getting the interest for the 2nd year?

(540,000)(0.08)(1)

30s - Q4
Question #4: How much is the maturity value on the 2nd year?

583200

30s - Q5
Question # 5: If the amount of the maturity value after 3 years is computed as, (583,200 + 46,656 = 629,856) how much principal is brought forward on year 3?

583200

30s - Q6
Question # 6: If the amount of the maturity value after 3 years is computed as, (583,200 + 46,656 = 629,856) how much is the interest compounded on the 3rd year?

46656

30s - Q7
Question # 7: If the amount of the maturity value after 4 years is computed as, (629,856 + 50,388.48 = 680,244.48) how much principal is brought forward on year 3?

629856

30s - Q8
Question # 8: If the amount of the maturity value after 4 years is computed as, (629,856 + 50,388.48 = 680,244.48) show the solution for compound interest yield on year 3?

(629,856)(0.08)(1)

30s - Q9
Question # 9: Compute for the compound interest on the 5th year? Show your solution.

(680,244.48)(0.08)(1)=54,419.56

30s - Q10
Question # 10: How much is the amount at the end of year 5 (Maturity Value)

734664.04

30s