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- 1. Multiple Choice
Caiden earned RM475 from mowing lawns last summer.He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?
RM827.52
RM831.10
RM839.45
RM846.80
- 2. Multiple Choice
Your 3 year investment of RM20,000 received 5.2% interest compounded annually. What is your total return?
RM23,285.05
RM3,285.05
RM2,385
RM32,285
- 3. Multiple Choice
Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent RM7,400, how much total will she have paid after 8 years?
RM15,415.94
RM15,683.28
RM15,927.56
RM16,349.72
- 4. Multiple Choice
The Henley's took out a loan for RM195,000 to purchase a home. At a 4.3% interest rate compounded annually,how much interest will they have paid after 30 years?
RM689,546.99
RM429,305.61
RM471,259.24
RM494,546.99
- 5. Multiple Choice
Kennedy won RM3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded every three months, how much interest will she earn in 10 years?
RM915.59
RM933.28
RM4,005.09
RM1,005.09
- 6. Multiple Choice
Riley invested RM1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually,how much will Riley earn in 15 years?
RM2,700.00
RM2,706.86
RM1,706.86
RM1,893.45
- 7. Multiple Choice
Emily’s parents put RM1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semi-annually,what will be the balance after 18 years?
RM6,273.50
RM6,314.08
RM6,385.72
RM6,427.94
- 8. Multiple Choice
Your allowance of RM190 will earned an interest of 11% compounded annually for 1and 2/3 years. How much interest did you earn on your allowance?
RM343.90
RM153.90
RM226.10
RM36.10
- 9. Multiple Choice
Karla invested RM1,000 in savings bonds. If the bonds earn 6.75% interest compounded every six months, how much total will Karla earn in 15 years?
RM1,584.62
RM2,651.39
RM2,706.86
RM1,825.10
- 10. Multiple ChoiceMonthly means how many times a year?41252365
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