4 Questions
What will be the value at the end of the 5th year if Birr 1,000 is invested at 12% simple interest for 5 years?
Birr 1,720
What is the interest earned if Birr 1,000 is invested at 12% simple interest for 5 years?
Birr 600
If the interest rate is increased to 15%, what will be the value at the end of the 5th year for Birr 1,000 invested at simple interest?
Birr 1,750
What is the present value of the benefits of Birr 1,000 annually for three years at a 10% discount rate?
344.88
"Simple Interest Calculation Quiz: Calculate the Future Value of an Investment" - Test your knowledge of simple interest calculations by solving for the future value of an investment using the given principal amount, interest rate, and time period. Practice your financial math skills with this quiz.
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