Introduction to Fixed Income

Concept Quizzes

Interest Rate

Challenge Quizzes

Introduction to Fixed Income: Level 1-2 Challenges

Interest Rate

If you invest $1800$ dollars in savings account that pays $5$ percents compound interest, then how long does it take to double your money?

\log_{1.0{5}} {2}

\log_{1.0{2}} {5}

\log_{1.0{3}} {8}

\log_{1.0{8}} {3}

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Suppose that $1000$ dollars is deposited in a bank paying an annual interest rate of $4$ percent compounded continuously. What will be the balance after $3$ years?

{1000}{e}^{0.{12}}

{1300}{e}^{0.{12}}

{1200}{e}^{0.{12}}

{1100}{e}^{0.{12}}

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If you put $1800$ dollars in a savings account that pays $4$ percent simple interest every year, what will be the balance in the account after $6$ years?

2532 2432 2332 2232

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If you put $600$ dollars in a savings account that pays $2$ percent annual interest compounded yearly, what will be the year-end balance in dollars after 3 years?

{600}({1}+0.0{3})^{2}

{600}({1}+0.0{2})^3

1800

{600}\cdot {2}^3

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If you put $600$ dollars in a savings account that pays $3$ percent simple interest every year, how much interest will you earn after $3$ years?

54 354 254 154

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