3023 Compound Interest Annually

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  • 1/158 Questions

    How much interest is earned on an investment of $5500, when it attracts interest of 9% per annum, compounded annuallly, over a period of 6 years?

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About This Quiz

This quiz titled '3023 Compound Interest Annually' assesses understanding of compound interest calculations over various durations and rates. It tests the ability to compute interest on different principal amounts, enhancing financial literacy and mathematical skills.

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  • 2. 

    How much interest is earned on an investment of $4700, when it attracts interest of 5% per annum, compounded annuallly, over a period of 5 years?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. Don't forget to subtract the Principal from the Final Value to find out how much interest was.

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  • 3. 

    How much interest is earned on an investment of $7000, when it attracts interest of 6% per annum, compounded annuallly, over a period of 8 years?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. Don't forget to subtract the Principal from the Final Value to find out how much interest was.

    Rate this question:

  • 4. 

    How much interest is earned on an investment of $4400, when it attracts interest of 11% per annum, compounded annuallly, over a period of 10 years?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. Don't forget to subtract the Principal from the Final Value to find out how much interest was.

    Rate this question:

  • 5. 

    How much interest is earned on an investment of $5900, when it attracts interest of 10% per annum, compounded annuallly, over a period of 9 years?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. Don't forget to subtract the Principal from the Final Value to find out how much interest was.

    Rate this question:

  • 6. 

    How much interest is earned on an investment of $4200, when it attracts interest of 4% per annum, compounded annuallly, over a period of 5 years?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. Don't forget to subtract the Principal from the Final Value to find out how much interest was.

    Rate this question:

  • 7. 

    How much interest is earned on an investment of $4400, when it attracts interest of 6% per annum, compounded annuallly, over a period of 8 years?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. Don't forget to subtract the Principal from the Final Value to find out how much interest was.

    Rate this question:

  • 8. 

    How much interest is earned on an investment of $5200, when it attracts interest of 6% per annum, compounded annuallly, over a period of 10 years?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. Don't forget to subtract the Principal from the Final Value to find out how much interest was.

    Rate this question:

  • 9. 

    How much interest is earned on an investment of $4300, when it attracts interest of 3% per annum, compounded annuallly, over a period of 9 years?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. Don't forget to subtract the Principal from the Final Value to find out how much interest was.

    Rate this question:

  • 10. 

    How much interest is earned on an investment of $4700, when it attracts interest of 11% per annum, compounded annuallly, over a period of 10 years?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. Don't forget to subtract the Principal from the Final Value to find out how much interest was.

    Rate this question:

  • 11. 

    How much interest is earned on an investment of $4100, when it attracts interest of 3% per annum, compounded annuallly, over a period of 9 years?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. Don't forget to subtract the Principal from the Final Value to find out how much interest was.

    Rate this question:

  • 12. 

    If I invest $4100, at an interest rate of 6% per annum, compounded annuallly, over a period of 8 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 13. 

    If I invest $4500, at an interest rate of 12% per annum, compounded annuallly, over a period of 6 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 14. 

    If I invest $6900, at an interest rate of 3% per annum, compounded annuallly, over a period of 7 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 15. 

    If I invest $6900, at an interest rate of 8% per annum, compounded annuallly, over a period of 4 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 16. 

    If I invest $6900, at an interest rate of 9% per annum, compounded annuallly, over a period of 4 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 17. 

    If I invest $6300, at an interest rate of 7% per annum, compounded annuallly, over a period of 7 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 18. 

    If I invest $6300, at an interest rate of 9% per annum, compounded annuallly, over a period of 6 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 19. 

    If I invest $6100, at an interest rate of 10% per annum, compounded annuallly, over a period of 7 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 20. 

    If I invest $5500, at an interest rate of 10% per annum, compounded annuallly, over a period of 4 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 21. 

    If I invest $6800, at an interest rate of 12% per annum, compounded annuallly, over a period of 7 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 22. 

    If I invest $5300, at an interest rate of 5% per annum, compounded annuallly, over a period of 8 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 23. 

    If I invest $4800, at an interest rate of 5% per annum, compounded annuallly, over a period of 5 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 24. 

    If I invest $5400, at an interest rate of 4% per annum, compounded annuallly, over a period of 10 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 25. 

    If I invest $6000, at an interest rate of 12% per annum, compounded annuallly, over a period of 6 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 26. 

    If I invest $4800, at an interest rate of 9% per annum, compounded annuallly, over a period of 4 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 27. 

    If I invest $5000, at an interest rate of 12% per annum, compounded quarterly, over a period of 2 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3023 Finance Solver N = Total Number of Payments. The final value (FV) will give the final value of the investment - interst plus the principal.

    Rate this question:

  • 28. 

    If I invest $4100, at an interest rate of 6% per annum, compounded quarterly, over a period of 7 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3024 - LM 3050

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  • 29. 

    If I invest $6700, at an interest rate of 12% per annum, compounded quarterly, over a period of 3 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3024 - LM 3050

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  • 30. 

    If I invest $6600, at an interest rate of 10% per annum, compounded quarterly, over a period of 6 years, how much will I have in total at the end of my investment?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 31. 

    If I invest $5300, at an interest rate of 7% per annum, compounded quarterly, over a period of 5 years, how much interest will my investment return?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 32. 

    If I invest $5000, at an interest rate of 6% per annum, compounded quarterly, over a period of 4 years, how much interest will my investment return?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 33. 

    If I invest $4600, at an interest rate of 8% per annum, compounded quarterly, over a period of 7 years, how much interest will my investment return?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 34. 

    If I invest $4800, at an interest rate of 11% per annum, compounded quarterly, over a period of 10 years, how much interest will my investment return?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 35. 

    If I invest $6100, at an interest rate of 12% per annum, compounded monthly, over a period of 9 years, how much interest will my investment return?

    Explanation
    LM 3024 - LM 3050

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  • 36. 

    If I invest $6000, at an interest rate of 3% per annum, compounded monthly, over a period of 7 years, how much interest will my investment return?

    Explanation
    LM 3024 - LM 3050

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  • 37. 

    If I invest $4100, at an interest rate of 3% per annum, compounded monthly, over a period of 3 years, how much interest will my investment return?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 38. 

    If I invest $6900, at an interest rate of 6% per annum, compounded monthly, over a period of 5 years, how much interest will my investment return?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 39. 

    What will be the total amount I have after 10 years, if I invest $4000, at an interest rate of 12% per annum, compounded weekly?

    Explanation
    LM 3024 - LM 3050

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  • 40. 

    What will be the total amount I have after 9 years, if I invest $7000, at an interest rate of 10% per annum, compounded weekly?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 41. 

    What will be the total amount I have after 4 years, if I invest $6900, at an interest rate of 8% per annum, compounded weekly?

    Explanation
    LM 3024 - LM 3050

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  • 42. 

    If I invest $6000, at an interest rate of 11% per annum, compounded weekly over a period of 7 years, what will be the total number of interest payments across the term of the loan?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 43. 

    If I invest $5500, at an interest rate of 10% per annum, compounded monthly over a period of 5 years, what will be the total number of interest payments across the term of the loan?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 44. 

    If I invest $6600, at an interest rate of 4% per annum, compounded quarterly over a period of 4 years, what will be the total number of interest payments across the term of the loan?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 45. 

    If I invest $4900, at an interest rate of 9% per annum, compounded fornightly over a period of 5 years, what will be the total number of interest payments across the term of the loan?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 46. 

    At the end of an investment, I have $12043. I received an interest rate of 11% per annum, compounded weekly over a period of 8 years. What was the principal I originally invested to the nearest $100?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 47. 

    At the end of an investment, I have $12449. I received an interest rate of 10% per annum, compounded monthly over a period of 7 years. What was the principal I originally invested to the nearest $100?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 48. 

    At the end of an investment, I have $6200. I received an interest rate of 3% per annum, compounded monthly over a period of 4 years. What was the principal I originally invested to the nearest $100?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

  • 49. 

    At the end of an investment, I have $6174. I received an interest rate of 11% per annum, compounded quarterly over a period of 4 years. What was the principal I originally invested to the nearest $100?

    Explanation
    LM 3024 - LM 3050

    Rate this question:

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  • Current Version
  • Mar 18, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Feb 11, 2015
    Quiz Created by
    Anthony Nunan

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