Compound Interest
Understanding Compound Interest Quiz
Test your knowledge on the principles of compound interest with this engaging quiz! Learn how investments grow over time with compounded earnings and enhance your financial literacy.
Key Features:
- 5 Questions covering various aspects of compound interest
- Mix of multiple choice and text-based responses
- Ideal for students and anyone looking to improve their understanding of finance
Find the amount when $1000 compounded annually at 5.2% interest is left in an account for 3 years.
$1164.25
$1160.25
$1364.25
$1360.25
Find the amount when $2250 compounded quarterly at 3.6% interest is left in an account for 12 years.
Calculate the time needed for an accound to total to reach $2666.16 when $1250 is put into an account compounded annually at 6% interest.
11 years
6 years
13 years
9 years
Which is the proper equation for compound interest?
A=P(1+(t/n))^nt
A=P(1+(r/n))^rt
A=P(1+(r/t))^nt
A=P(1+(r/n))^nt
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