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7.06 Investments and loans with financial solvers

Interactive practice questions

$\$3000$$3000 is invested at an interest rate of $5%$5% p.a. compounded annually. Find the value of the investment after $17$17 years in dollars.

Round your answer to the nearest cent.

Easy
1min

$\$3000$$3000 is invested at an interest rate of $4%$4% p.a. compounded quarterly. Find the value of the investment after $17$17 years in dollars.

Easy
1min

$\$2000$$2000 is borrowed at an interest rate of $12%$12% p.a. compounded monthly. Find how much is owed at the end of $2$2 years in dollars.

Easy
1min

$\$10000$$10000 is invested at an interest rate of $2.7%$2.7% p.a. compounded monthly. Find how much the investment is worth after $18$18 months in dollars.

Easy
1min
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Outcomes

4.3.1.4

use technology (online calculator) to calculate the future value of a compound interest loan or investment and the total interest paid or earned

4.3.1.8

use technology (online calculator) to investigate the effect of the interest rate and the number of compounding periods on the future value of a loan or investment

4.3.2.2

use technology (online calculator) to model a reducing balance loan

4.3.2.4

use technology (online calculator) to investigate the effect of the interest rate and repayment amount on the time taken to repay a loan

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