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Questions and Answers
What was the initial amount of the bank's assets in 2013?
What is the total amount of the bank's assets in 2023?
How long was the time period for calculating the average annual growth rate of the bank's assets?
If someone deposits Rp200 million for 2 years at an interest rate of 7.5% compounded quarterly, what formula should be used to determine the final amount?
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What is the interest rate used for the customer’s deposit calculation?
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Study Notes
Bank Asset Growth Calculation
- Bank assets grew from Rp100 billion in 2013 to Rp750 billion in 2023.
- Calculate the average annual growth rate over the 10-year period.
Compound Interest Calculation
- A customer deposited Rp200 million for 2 years at a 7.5% annual interest rate.
- Interest is compounded quarterly, meaning interest is calculated and added to the principal every 3 months.
- Calculate the final amount of the deposit after two years.
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Description
This quiz covers the calculations related to bank asset growth and compound interest. You will calculate the average annual growth rate of bank assets over a 10-year period and the final amount of a deposit after two years with quarterly compounding interest. Test your financial math skills with these practical examples!
