Question 1
Back to Finance
Higher Applications of Mathematics
Finance mixed revision quiz
A mixed adaptive checkpoint across the whole Finance section. Use it after revising the eight Finance topics to identify weak areas and choose what to revisit.
Quick checkpoint
Check your understanding
Answer each question, then use the feedback to fill any gaps. The checkpoint tracks the skills that need more practice and suggests follow-up questions at the end.
Score: 0/14
simple interest
Question 2
£3,500 grows at 4.2% compound interest for 4 years. Find the final value.
Question 3
Which calculation finds the present value of £18,000 due in 6 years at 3%?
Question 4
A monthly interest rate is 0.8%. Find the effective annual rate as a percentage.
Question 5
£400 is paid now and £300 after one year. At 5%, find the value after two years.
Question 6
Opening loan balance £4,800, monthly interest 0.75%, payment £260. Find closing balance.
Question 7
A credit card balance after interest is £1,360. Minimum payment is 2.5%. Find the payment.
Question 8
Repayment row: opening £2,700, interest £24.30, payment £190. Find closing balance.
Question 9
Salary £36,000. Employee pension is 5% and employer pension is 4%. Find total annual contribution.
Question 10
There is a 7% chance of a £1,200 insurance claim. Find the expected claim value.
Question 11
Gross monthly pay is £3,050 and deductions are £715. Find net pay.
Question 12
A future cost of £24,000 is discounted by inflation at 2.5% for 8 years. Find today's purchasing power.
Question 13
A policy with a high excess usually means:
Question 14