Practice Compound Interest (CI) - 24.3.2 | 24. Time Value of Money | Management 1 (Organizational Behaviour/Finance & Accounting)
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does Compound Interest rely on?

💡 Hint: Think about what happens to your total amount over time.

Question 2

Easy

Write the formula for Compound Interest.

💡 Hint: What does each letter in the formula represent?

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is Compound Interest?

💡 Hint: Think about how investments can grow over time.

Question 2

True or False: Compound Interest is always less than Simple Interest.

💡 Hint: Consider the effects of accumulating interest.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

An investor put ₹3,000 into a savings account that offers 7% interest compounded quarterly. Determine how much will be in the account after 10 years.

💡 Hint: Remember to convert the interest rate for quarterly compounding.

Question 2

If a company needs ₹25,000 in 5 years, what annual compounding rate do they need if they start with ₹15,000?

💡 Hint: Rearrange the formula to isolate r.

Challenge and get performance evaluation