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Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the principal in a loan of ₹5,000?
💡 Hint: It's the original amount borrowed.
Question 2
Easy
How does a higher interest rate affect investments?
💡 Hint: Think about how much more you would earn.
Practice 3 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the principal amount in a loan of ₹10,000?
💡 Hint: It's the starting amount before any interest.
Question 2
True or False: The interest rate affects how much money you earn from your investment.
💡 Hint: Think about how rates work!
Solve 1 more question and get performance evaluation
Push your limits with challenges.
Question 1
You invest ₹15,000 at a 4% annual interest rate compounded monthly for 10 years. Calculate the future value of your investment.
💡 Hint: Use the compound interest formula.
Question 2
Calculate the present value of ₹25,000 to be received in 5 years if the interest rate is 5% compounded annually.
💡 Hint: Remember the formula for present value given future value.
Challenge and get performance evaluation