Finance · Guided Practice
Start and End Values
4 questions with answers. Try each one before revealing the answer.
1
An investment of grows to over years.
Calculate the annual effective rate of interest.
Give your answer as a percentage to 2 decimal places.
Calculate the annual effective rate of interest.
Give your answer as a percentage to 2 decimal places.
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Answer
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2
A deposit of grows to over months.
Calculate the monthly effective rate of interest.
Give your answer as a percentage to 3 decimal places.
Calculate the monthly effective rate of interest.
Give your answer as a percentage to 3 decimal places.
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Answer
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3
is borrowed and no repayments are made.
After months the amount owed is .
Calculate the monthly effective rate of interest.
Give your answer as a percentage to 2 decimal places.
After months the amount owed is .
Calculate the monthly effective rate of interest.
Give your answer as a percentage to 2 decimal places.
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Answer
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4
An account pays an effective rate of interest of per year.
After years the balance is .
Calculate the amount originally deposited.
Give your answer to the nearest penny.
After years the balance is .
Calculate the amount originally deposited.
Give your answer to the nearest penny.
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Answer
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