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Compound Interest Calculation Quiz
3 Questions
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Compound Interest Calculation Quiz

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Questions and Answers

What is the interest rate for the account?

  • 5.5%
  • 7.2%
  • 6.5%
  • 6.8% (correct)

    • How often is the interest compounded for this account?

  • Semi-annually
  • Annually
  • Quarterly (correct)
  • Monthly

    • What is the time period for the investment to reach $6,500?

  • 15 years
  • 25 years
  • 18 years
  • 20 years (correct)

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