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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the Future Value of ₹5,000 at an interest rate of 6% after 1 year?
💡 Hint: Use the FV formula: FV = PV × (1 + r).
Question 2
Easy
Calculate the FV of ₹2,000 at 8% after 2 years.
💡 Hint: Remember to use the power for the number of years.
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 does Future Value (FV) represent?
- The current worth of money
- The potential worth of money in the future
- The sum of past investments
💡 Hint: Think about how money grows over time.
Question 2
True or False: The formula for FV only applies to simple interest calculations.
- True
- False
💡 Hint: Consider how interest accumulates.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Calculate the Future Value of ₹30,000 invested at 8% compounded annually for 6 years.
💡 Hint: This is a compounded interest problem, remember to use the exponent.
Question 2
If ₹10,000 is invested at 6% annual interest compounded monthly for 5 years, what is the FV?
💡 Hint: Adjust the interest rate accordingly as it compounds monthly.
Challenge and get performance evaluation