Financial Mathematics Quiz Worksheet - Math Studies 12 Year 2

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Mr. Konstantinou  Math Studies 12 Year 2 – Financial Mathematics Quiz 
Points: 
Write your FULL name: ________________________________________ 
Score: 
 
1.
At what interest rate, compounded annually, would you need to invest $100 in order to have $125
in 2 years?
Working:
Answer:
………………………………………………..
(Total 4 marks)
2.
Tony invested CHF 500 in a bank account at a constant rate of interest. The bank calculates his
balance at the end of each year, rounded to two decimal places, as shown in the table below.
Year
Value at beginning
Value at end of
of year
year
1st
CHF 500
CHF 540
2nd
CHF 540
CHF 583.20
3rd
CHF 583.20
CHF 629.86
4th
CHF 629.86
CHF 680.25
5th
CHF 680.25
6th
(a)
What is the rate and type of interest?
(b)
Complete the table for the fifth and sixth year of investment.
Working:
Answer:
(a) …………………………………………..
(Total 4 marks)
 

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