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1. How much would you receive at the end of 3 years if you invest $10,000 today, assuming you can earn a return of 10% p.a. compounding quarterly?

   A		10,769
   B		13,449
   C		13,482
   D		13,310

2. Your sister just went on a holiday with the money she deposited 8 years ago when inheriting a sum of money from your great-Aunts. If her account paid 5% p.a., compounded semi-annually, and the holiday cost $5,000, what is the amount she inherited?

   A		$7 422.53
   B		$3 384.20
   C		$3 368.12
   D		$2 290.56

3. The fastest doubling of the world population happened between 1950 and 1987; from 2.5 billion to 5 billion. What the growth rate between 1950 and 1987?

   A		200%
   B		1.89%
   C		101.89%
   D		2.6%

4. Wollemi National Park is home to 2500 Brush-tailed rock-wallabies. The population grows at a rate of 3% per year. How many years until the population reaches 5000?

   A		never
   B		18.6 years
   C		33.3 years
   D		23.4 years

5. You have recently inherited a large sum of money, and have decided to invest your money in a high interest savings account. The various banks have offered you the following APRs. Which option pays the highest EAR?

   A		Annual compounding at an APR of 6.51%.
   B		Fortnightly compounding at an APR of 6.15%.
   C		Quarterly compounding at an APR of 6.37%.
   D		Monthly compounding at an APR of 6.21%.

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