10 Questions
What is the rate of interest for the personal loan received by Maryam?
2.5%
What is the future value of depositing BD 10,000 for 5 years in Ahli United Bank at 7% interest compounded semi-annually?
BD 14,105.99
What is the effective annual rate (EAR) offered by Al-Salam Bank for depositing the lottery prize money?
4.07%
What is the missing value for Year 2023 when the rate is 50%?
BD 18,000
What is the missing value for Year 2022 when the rate is 8%?
BD 8,000
What is the rate of interest for the personal loan received by Maryam?
2.5%
What is the future value of depositing BD 10,000 for 5 years in Ahli United Bank at 7% interest compounded semi-annually?
BD 14,105.99
What is the Effective Annual Rate (EAR) for depositing the lottery prize money in Al-Salam Bank?
4.07%
In the simple interest formula, what is the missing value for Year 2023 if the rate is 50% and the value for Year 2022 is BD 8,000?
BD 12,000
If the rate is 8% and the value for Year 2022 is BD 5,000, what is the missing value for Year 2023 using the simple interest formula?
BD 5400
Test your knowledge of simple interest calculations with this practice problem quiz. Put your skills to the test by finding missing values and calculating interest rates. Great for revising for mid-term exams or practicing for finance assessments.
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