🔢 Math & Numbers Trivia
Quiz Set 15 — Financial Math
Answer all 10 questions. Click an option to see if you got it right!
Question 1 of 10
What does APR stand for?
APR = Annual Percentage Rate, the yearly cost of borrowing.
Question 2 of 10
Simple interest formula is I = ?
Simple Interest = Principal × rate × time.
Question 3 of 10
What is compound interest?
Compound interest calculates interest on both principal and previously earned interest.
Question 4 of 10
If you invest $1000 at 5% simple interest for 2 years, interest earned is?
I = 1000 × 0.05 × 2 = $100.
Question 5 of 10
What is the Rule of 72?
Divide 72 by the interest rate to estimate years to double money.
Question 6 of 10
At 6% interest, roughly how long to double money?
72 ÷ 6 = 12 years (Rule of 72).
Question 7 of 10
What is depreciation?
Depreciation is the decrease in asset value over time.
Question 8 of 10
What is inflation?
Inflation is the general increase in prices over time.
Question 9 of 10
What is a budget surplus?
A surplus occurs when income is greater than expenses.
Question 10 of 10
What is the meaning of ROI?
ROI measures the profitability of an investment.