Make a HOTS question about simple interest | Quizalize

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Make a HOTS question about simple interest | Quizalize

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Make a HOTS question about simple interest

Quiz by JERLENE CALONIA

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Q 1/10
Score 0
If a principal amount of $200 is invested at an annual interest rate of 5% compounded annually, what will be the approximate amount after 3 years?
30
$215.25$
$210.00$
$231.53$
$230.00$
Q 2/10
Score 0
John invests $5000 in a savings account that offers 4% annual interest compounded quarterly. How much will his investment be worth after 2 years?
30
$5200.00$
$5480.00$
$5410.95$
$5360.00$

10 questions

Q.

If a principal amount of $200 is invested at an annual interest rate of 5% compounded annually, what will be the approximate amount after 3 years?

1

30 sec

Q.

John invests $5000 in a savings account that offers 4% annual interest compounded quarterly. How much will his investment be worth after 2 years?

2

30 sec

Q.

A sum of $1500 is deposited in a bank that offers 6% annual interest compounded semi-annually. What will be the total amount after 5 years?

3

30 sec

Q.

Lisa wants to save $10,000 in 4 years. How much should she deposit today in a bank account that offers 5% annual interest compounded monthly?

4

30 sec

Q.

If Emma invests $2500 in an account with an interest rate of 3% compounded annually, how much total interest will she have earned after 8 years?

5

30 sec

Q.

Michael is planning to buy a car in 6 years and needs $20,000. If his savings account offers 4% annual interest compounded annually, how much should he invest now to reach his goal?

6

30 sec

Q.

Sophie deposits $3000 in a new savings account which offers a 7% annual interest rate compounded annually. How much will be the compound interest alone, earned after 3 years?

7

30 sec

Q.

Tom wants to triple his investment in 12 years. If the interest is compounded annually, what should be the annual interest rate?

8

30 sec

Q.

Maria has $4500 that she keeps in a fixed deposit account offering 8% annual interest compounded semi-annually. How much total money will she have at the end of 4 years?

9

30 sec

Q.

If Lily wants her investment of $6000 to grow to $9,000 in 5 years with interest compounded annually, what should be the annual interest rate?

10

30 sec

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