Pick the right answer, quickly

Exercise and reference answers

Questions

1. Question

   Interest on 5,000 at 6 pc for 3 years:

   Choices

   1. 600
   2. 900
   3. 1,200

   Correct choice

   900

2. Question

   Interest on 8,000 at 5 pc for 2 years:

   Choices

   1. 400
   2. 800
   3. 1,600

   Correct choice

   800

3. Question

   Interest on 12,000 at 10 pc for 6 months:

   Choices

   1. 600
   2. 1,200
   3. 300

   Correct choice

   600

4. Question

   A year in the Actual convention has:

   Choices

   1. 360 days
   2. 365 days
   3. 300 days

   Correct choice

   365 days

5. Question

   Payoff equals principal plus:

   Choices

   1. Interest
   2. Instalment
   3. Increment

   Correct choice

   Interest

Instructions

Tap the correct answer before the round moves on.

Explanation