Instructions

It can be helpful to print out the quiz and give yourself time to think about the questions. Read each question carefully and choose the answer that you think is most likely to be correct. You can only choose one answer for each question. When you are ready, mark your answers in the spaces on the computer screen (web page) and click on the button 'Send answers'. Good luck!

1.     Calculate the interest earned on 630 euros over 9 months at an interest rate of 9% pa.  

2.     Calculate the interest earned on 3200 euros from April 5 to and including August 20. The interest rate is 15%.  

3.     What is the annual interest rate if 825 euros compounds 99 euros in interest over 9 months?

4.     Peter took a 6250 euros loan on October 10, 2001. He repaid the loan on April 10, 2002 and paid 437.5 euros in intrest. What was the annual interest rate on the loan?

5.     How long is the interest compounding period for 1150 euros if the interest rate is 12% pa and the interest compounded is 69 euros?

6.     Anna has 625 euros in an account that earns 8% intrest. She wants to keep the money in the account until the total amount is 660 euros. How long will she have to wait before she can withdraw that amount?

7.     How much principal is needed to earn 81.25 euros in 90 days at 13% pa.?

8.    James took a loan for 9 months at a 13% interest rate. He repaid the loan with interest after 9 months and paid a total of 5487.5 euros. How much money did he borrow?

9.    How much will the new principal be on an original principal of 3750 euros if it earns interest at 12 % pa for 3 years?

10.      Will a principal of 1187.5 euros double in size during 6 years at a 15% interest rate? If so, what will the new principal (with interest) be in 6 years?

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