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Q 1/14
Score 0
What is the formula to calculate simple interest?
30
Principal * Rate
Principal * Rate * Time
Principal * Rate / Time
Principal + Rate + Time
Q 2/14
Score 0
Tom invests $1000 in a savings account with an interest rate of 4% per year. After 3 years, how much interest will he earn?
30
$80
$40
$30
$120
14 questions
Q.
What is the formula to calculate simple interest?
1
30 sec
Q.
Tom invests $1000 in a savings account with an interest rate of 4% per year. After 3 years, how much interest will he earn?
2
30 sec
Q.
John deposits $500 in a bank account with an annual interest rate of 6%. After 2 years, how much money will he have in his account?
3
30 sec
Q.
Sarah borrowed $2000 from a friend and promised to pay back with a simple interest rate of 5% per year. If she repays the loan after 3 years, how much interest will she have to pay?
4
30 sec
Q.
Emily invested $1000 in a fixed deposit account with an annual interest rate of 3%. After 5 years, how much total amount will she have in her account?
5
30 sec
Q.
Lisa borrowed $3000 from the bank with a simple interest rate of 8% per year. After 2 years, how much interest will she have to pay?
6
30 sec
Q.
Mark invested $5000 in a savings account with an annual interest rate of 6%. After 4 years, how much total amount will he have in his account?
7
30 sec
Q.
Sam deposits $2000 in a bank account with a simple interest rate of 4% per year. After 1 year, how much interest will he earn?
8
30 sec
Q.
Kelly borrowed $1500 from her friend and promised to pay back with a simple interest rate of 7% per year. If she repays the loan after 2 years, how much interest will she have to pay?
9
30 sec
Q.
Sarah deposits $3000 in a savings account with an annual interest rate of 5%. After 2 years, how much total amount will she have in her account?
10
30 sec
Q.
What is compound interest?
11
30 sec
Q.
What is the formula to calculate compound interest?
12
30 sec
Q.
Sam invests $5000 in a savings account with an annual interest rate of 4%, compounded annually. After 5 years, how much money will Sam have?
13
30 sec
Q.
Sara invests $2000 in a savings account with an annual interest rate of 6%, compounded annually. If she leaves the money in the account for 10 years, how much interest will she earn?
