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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)

Compound Interest Calculation Quiz

Choose a study mode

Podcast

Questions and Answers

What is the interest rate for the account?

How often is the interest compounded for this account?

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

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