Financial Mathematics – NBC Institute

BMF – Nov 2020 – L1 – SA – Q8 – Basics of Business Finance and Financial Markets

Calculate the compound interest earned on a deposit over 11 years at 6.50%, compounded quarterly.

Question

What is the amount of interest earned by a deposit of N414,000 for 11 years at 6.50% compounded quarterly?
A. N427,455
B. N427,467
C. N437,455
D. N437,467
E. N447,467

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compound Interest, Financial Mathematics, Investment
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2020

QTB – MAY 2017 – L1 – SA – Q1 – Mathematics.

A multiple-choice question calculating future value based on compound interest over 15 years at 8% annually.

Question

How much will N22,500 amount to at 8% interest over 15 years compounded annually?

A. N71,337.81
B. N71,373.81
C. N71,378.81
D. N71,387.81
E. N71,733.81

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compound Interest, Financial Mathematics, Future Value, Investment Growth, Time value of money
Level: Level 1

Topic: Mathematics
Series: MAY 2017

BMF – Nov 2022 – L1 – SA – Q6 – Basics of Business Finance and Financial Markets

This question tests knowledge of financial problem-solving techniques.

Question

The use of mathematical techniques to solve financial problems is called:
A. Financial mathematics
B. Financial engineering
C. Financial accounting
D. Management accounting
E. Financial management

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Mathematics, Problem solving, Techniques
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2022

BMF – May 2017 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Multiple-choice question on calculating the future value of an investment using compound interest.

Question

You recently won ₦50 million from the popular NTA show “Who wants to be a billionaire?” A financial expert counselled that you invest the money in a bank at 6% interest rate per annum. How much will you have at the end of ten years?

A. N88,550,000
B. N89,550,000
C. N90,550,000
D. N91,550,000
E. N92,550,000

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compound Interest, Financial Mathematics, Investment
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2017

BMF – Nov 2020 – L1 – SA – Q8 – Basics of Business Finance and Financial Markets

Calculate the compound interest earned on a deposit over 11 years at 6.50%, compounded quarterly.

Question

What is the amount of interest earned by a deposit of N414,000 for 11 years at 6.50% compounded quarterly?
A. N427,455
B. N427,467
C. N437,455
D. N437,467
E. N447,467

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compound Interest, Financial Mathematics, Investment
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2020

QTB – MAY 2017 – L1 – SA – Q1 – Mathematics.

A multiple-choice question calculating future value based on compound interest over 15 years at 8% annually.

Question

How much will N22,500 amount to at 8% interest over 15 years compounded annually?

A. N71,337.81
B. N71,373.81
C. N71,378.81
D. N71,387.81
E. N71,733.81

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compound Interest, Financial Mathematics, Future Value, Investment Growth, Time value of money
Level: Level 1

Topic: Mathematics
Series: MAY 2017

BMF – Nov 2022 – L1 – SA – Q6 – Basics of Business Finance and Financial Markets

This question tests knowledge of financial problem-solving techniques.

Question

The use of mathematical techniques to solve financial problems is called:
A. Financial mathematics
B. Financial engineering
C. Financial accounting
D. Management accounting
E. Financial management

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Mathematics, Problem solving, Techniques
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2022

BMF – May 2017 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Multiple-choice question on calculating the future value of an investment using compound interest.

Question

A. N88,550,000
B. N89,550,000
C. N90,550,000
D. N91,550,000
E. N92,550,000

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compound Interest, Financial Mathematics, Investment
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2017

Question Tag: Financial Mathematics

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

BMF – Nov 2020 – L1 – SA – Q8 – Basics of Business Finance and Financial Markets

Calculate the compound interest earned on a deposit over 11 years at 6.50%, compounded quarterly.

QTB – MAY 2017 – L1 – SA – Q1 – Mathematics.

A multiple-choice question calculating future value based on compound interest over 15 years at 8% annually.

BMF – Nov 2022 – L1 – SA – Q6 – Basics of Business Finance and Financial Markets

This question tests knowledge of financial problem-solving techniques.

BMF – May 2017 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Multiple-choice question on calculating the future value of an investment using compound interest.

BMF – Nov 2020 – L1 – SA – Q8 – Basics of Business Finance and Financial Markets

Calculate the compound interest earned on a deposit over 11 years at 6.50%, compounded quarterly.

QTB – MAY 2017 – L1 – SA – Q1 – Mathematics.

A multiple-choice question calculating future value based on compound interest over 15 years at 8% annually.

BMF – Nov 2022 – L1 – SA – Q6 – Basics of Business Finance and Financial Markets

This question tests knowledge of financial problem-solving techniques.

BMF – May 2017 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Multiple-choice question on calculating the future value of an investment using compound interest.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Financial Mathematics

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

BMF – Nov 2020 – L1 – SA – Q8 – Basics of Business Finance and Financial Markets

Calculate the compound interest earned on a deposit over 11 years at 6.50%, compounded quarterly.

You're reporting an error for "BMF – Nov 2020 – L1 – SA – Q8 – Basics of Business Finance and Financial Markets"

QTB – MAY 2017 – L1 – SA – Q1 – Mathematics.

A multiple-choice question calculating future value based on compound interest over 15 years at 8% annually.

You're reporting an error for "QTB – MAY 2017 – L1 – SA – Q1 – Mathematics."

BMF – Nov 2022 – L1 – SA – Q6 – Basics of Business Finance and Financial Markets

This question tests knowledge of financial problem-solving techniques.

You're reporting an error for "BMF – Nov 2022 – L1 – SA – Q6 – Basics of Business Finance and Financial Markets"

BMF – May 2017 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Multiple-choice question on calculating the future value of an investment using compound interest.

You're reporting an error for "BMF – May 2017 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets"

BMF – Nov 2020 – L1 – SA – Q8 – Basics of Business Finance and Financial Markets

Calculate the compound interest earned on a deposit over 11 years at 6.50%, compounded quarterly.

You're reporting an error for "BMF – Nov 2020 – L1 – SA – Q8 – Basics of Business Finance and Financial Markets"

QTB – MAY 2017 – L1 – SA – Q1 – Mathematics.

A multiple-choice question calculating future value based on compound interest over 15 years at 8% annually.

You're reporting an error for "QTB – MAY 2017 – L1 – SA – Q1 – Mathematics."

BMF – Nov 2022 – L1 – SA – Q6 – Basics of Business Finance and Financial Markets

This question tests knowledge of financial problem-solving techniques.

You're reporting an error for "BMF – Nov 2022 – L1 – SA – Q6 – Basics of Business Finance and Financial Markets"

BMF – May 2017 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Multiple-choice question on calculating the future value of an investment using compound interest.

You're reporting an error for "BMF – May 2017 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets"

Our offerings

Contact Info

Customer

Get In Touch

admin