MCQ Mojo
access_time
menu
Quiz
Web Stories
CBSE
arrow_drop_down
MCQ Questions for CBSE Class 12 with Answers
MCQ Questions for CBSE Class 11 with Answers
MCQ Questions for CBSE Class 10 with Answers
MCQ Questions for CBSE Class 9 with Answers
MCQ Questions for CBSE Class 8 with Answers
MCQ Questions for CBSE Class 7 with Answers
MCQ Questions for CBSE Class 6 with Answers
MCQ Questions for CBSE Class 5 with Answers
MCQ Questions for CBSE Class 4 with Answers
MCQ Questions for CBSE Class 3 with Answers
MCQ Questions for CBSE Class 2 with Answers
MCQ Questions for CBSE Class 1 with Answers
CBSE
arrow_drop_down
MCQ Questions for CBSE Class 12 with Answers
MCQ Questions for CBSE Class 11 with Answers
MCQ Questions for CBSE Class 10 with Answers
MCQ Questions for CBSE Class 9 with Answers
MCQ Questions for CBSE Class 8 with Answers
MCQ Questions for CBSE Class 7 with Answers
MCQ Questions for CBSE Class 6 with Answers
MCQ Questions for CBSE Class 5 with Answers
MCQ Questions for CBSE Class 4 with Answers
MCQ Questions for CBSE Class 3 with Answers
MCQ Questions for CBSE Class 2 with Answers
MCQ Questions for CBSE Class 1 with Answers
Quiz
Quiz
/
Investment Class 11 MCQ Questions With Answers
1.
Which statement describes SIMPLE interest?
The same amount of interest every time
Interest on interest
The amount of interest goes up every time
2.
You have money to invest. The bank offers you 6% at the end of the year or 0.5% every month. Which is the better option?
6% at the end of the year.
0.5% every month.
Not enough information to determine.
3.
What is 6.75% as a decimal?
0.675
0.0675
0.00675
6.75
4.
You invest $1000 at 4.6% interest, compounded annually, for 15 years. How much is your investment worth at the end of 15 years?
$1963.25
$2210.90
$1059.07
$1690.00
5.
You invest $2000 at 4.5% SIMPLE interest for 5 years. What is the total after 5 years?
$2225.00
$2450.00
$12,819.47
$2492.36
6.
You invest $400 at %6 for one year (compounded annually). What is the total after 1 year?
$24.00
$424.00
$402.40
$487.63
7.
Which is better for you when you are investing money?
Compound interest
Simple interest
8.
You borrow $4000 for 5 years at 10% compounded monthly. How much do you owe after 5 years?
$4,346.12
$6,581.24
$6,442.04
$6,000.00
$4,442.00
9.
You borrow money for 3 years at 8% interest. You are given a choice of simple interest or compound interest. Which is the better option?
Compound interest
Simple interest
Not enough information to determine
10.
The bank lists their (annual) interest rate at 4%. If interest is compounded monthly, what percentage do you get every month?
0.33%
4%
0.04%
0.03%
Report Question
Previous
Next
warning
Submit
access_time
Time
Report Question
A bunch of text
Support mcqmojo.com by disabling your adblocker.
×
Please disable the adBlock and continue.
Thank you.
Reload page