Top 350+ Solved Information systems and engineering economics MCQ Questions Answer
Q. Suppose that you invest $1 for 1 year at 18% compounded monthly. How much interest would you earn?
a. 19.56 % compounded annu
b. 18.56 % compounded a
Q. the practice of charging an interest rate to an initial sum and to anypreviously accumulated interest that has not been withdrawn.
a. compound interest
b. simple interest
Q. Calculate future value on the principal amount of Rs. 2000 at theinterest rate of 6% for the period of 5 years using simple interest
a. 1200
b. 1259.71
c. 2600
d. none
Q. the practice of charging an interest rate only to an initial sum (principal amount) is
a. compound interest
b. simple interest
Q. Suppose that you invest $1 for 1 year at 18% compounded monthly.How much interest would you earn?
a. 19.56 % compounded annu
b. 18.56 % compounded a