10. Finance
Interactive practice questions
$\$1000$$1000 is invested for $10$10 years with an interest rate of $10%$10% per annum that includes the accumulated interest.
a
Is this an example of simple or compound interest?
Simple interest
A
Compound interest
B
b
Which of the following graphs represents the growth of the investment?
Loading Graph...
A
Loading Graph...
B
Easy
< 1min
Which of the following graphs could represent a savings account that earns compound interest over $50$50 years?
Easy
< 1min
The graph below shows both an investment with simple interest, and one with compound interest, labelled Investment A and Investment B respectively.
Easy
< 1min
Determine the truth, or otherwise, of the following statement.
Easy
< 1min
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