2nd Quiz 9th Grade
8 Questions
| Attempts: 34
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Semiannually is the same as 2 periods in a year.
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True
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False
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- 2.
You invested $52,400 at 6% compounded annually for 5 years. What is your total return on this investment?
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$70,123.02
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$17,000
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$7,012
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$701
Correct Answer
A. $70,123.02 -
- 3.
Principal is the amount of money at the end of period.
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True
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False
Correct Answer
A. False -
- 4.
Your 2 year investment of $5,300 earns 2.9% and is compounded annually. What will your total return be?
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$5,611.86
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$200
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$350
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$6000
Correct Answer
A. $5,611.86 -
- 5.
M = 1000 (1 + 0.05)3 = $1572.62.
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True
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False
Correct Answer
A. False -
- 6.
How much interest does a $318 investment earn at 9% over one year?
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$28.62
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$286.2
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$2862
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2.86
Correct Answer
A. $28.62 -
- 7.
Interest Rate: 1% each yearStarting Balance: $147Time Passed: 6 yearsHow much interest has accrued if we are using simple interest?
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$8.82
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$6.52
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$9.15
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$156
Correct Answer
A. $8.82 -
- 8.
Find the compound amount on the principal $20,000 borrowed at 6% compounded annually for 3 years.
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$23820.32
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$3820
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$3000
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$800
Correct Answer
A. $23820.32 -
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Current Version
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Mar 21, 2022Quiz Edited by
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Oct 06, 2014Quiz Created by
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