Finance · Guided Practice
Multipliers and Interest
4 questions with answers. Try each one before revealing the answer.
1
Write down the decimal multiplier for:
(a) an increase of
(b) a decrease of
(a) an increase of
(b) a decrease of
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Answer
(a)
(b)
(b)
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2
is deposited in an account with an effective rate of interest of per year.
Calculate the value of the account after year.
Calculate the value of the account after year.
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Answer
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3
is invested in an account with an effective rate of interest of per year.
Calculate the value of the investment after years.
Give your answer to the nearest penny.
Calculate the value of the investment after years.
Give your answer to the nearest penny.
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Answer
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4
An investment of grows by in the first year and then by in the second year.
Calculate its value after years.
Give your answer to the nearest penny.
Calculate its value after years.
Give your answer to the nearest penny.
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Answer
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