Quiz: Compound Interest Problems
Edexcel GCSE Mathematics (1MA1)
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Building on what you've learned about percentages and simple interest, let's test your understanding of compound interest!
What is compound interest?
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Which of the following are true about compound interest? (Select all that apply)
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Compound interest is calculated on the {{blank0}} amount and any previously earned {{blank1}}.
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If £500 is invested at an annual interest rate of 5% compounded annually, what will the total amount be after 2 years?
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Match the items on the left with their correct pairs on the right
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Match the items on the left with their correct pairs on the right
If £1,000 is invested at 6% annual compound interest, what will the interest earned be after 1 year?
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Find the total amount after 3 years if £200 is invested at an annual compound interest rate of 10%.
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Which of these formulas represents compound interest?
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If £800 is invested at an annual interest rate of 4% compounded annually, the total amount after 1 year will be {{blank0}}.
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Match the items on the left with their correct pairs on the right
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