What this quiz covers
Grade 12 Financial Mathematics Quiz 2 draws its questions at random from a bank of 24 questions. A full worked solution is shown after you answer each one.
Example questions
A sample of the questions you will practise in this quiz. Work them out yourself - the full solution appears after you answer each one.
- An account pays \(12\%\) p.a. compounded monthly. State \(i\) and \(n\) for 3 years.
- Which process is linear?
- R10 000 is invested for 3 years at \(8\%\) p.a. simple interest. Find the accumulated value.
- R10 000 is invested for 3 years at \(8\%\) p.a. compounded annually. Find the accumulated value.
- A vehicle costing R320 000 depreciates at \(16\%\) p.a. on the reducing balance. Find its value after 3 years.