Home › SBI PO › Quantitative Aptitude › Simple Interest › The total value of an investment after interest …
The total value of an investment after interest is added is its:
AFormal value
BFacial value
CFederal value
DFuture value
Answer & Solution
Correct answer: D. Future value
1. The investor cares about the end total.
2. The calculation is the same as for a loan.
3. It is the future value of the investment.
_Source: OpenStax 'Contemporary Mathematics', Ch 6 'Money Management' (CC BY)_
Related questions
Money the depositor earns from a bank account is also called:Using 360 rather than 365 days makes the interest charged:Some banks instead treat a year as having how many days?The day count convention described as Actual is paired with:For a loan quoted in days, the daily rate divides the annual rate by:A 6,000 rupee loan at 5 per cent for 2 years has a payoff of:A 10,000 rupee loan at 8 per cent for 3 years has a payoff of:Simple interest on 15,000 rupees at 4 per cent for 5 years is: