Simple And Compound Interest

2 Questions | Attempts: 347
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Simple And Compound Interest - Quiz

This quiz will assess the student's abilities regarding simple and compound interest.

Questions and Answers
  • 1. 

    Find the future value of a $6,000 investment at 5% annual interest compounded semiannually for two years.

    • A.

      $6807.75

    • B.

      $6622.88

    • C.

      $6558.23

    • D.

      $6437.98

    Correct Answer
    B. $6622.88
  • 2. 

    What will be the amount of interest on a $575 investment at an interest rate of 6.5% over 3 years?

    • A.

      $112.13

    • B.

      $107.65

    • C.

      $121.91

    • D.

      $118.06

    Correct Answer
    A. $112.13

Quiz Review Timeline +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Jan 11, 2013
    Quiz Edited by
    ProProfs Editorial Team
  • Apr 19, 2010
    Quiz Created by
    Mstrus40

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