1) How much money would you pay in interest if you borrowed $10000 for 10 years at 9.

25% annual
interest rate compounded continuously?
a) $9250 b) $14222.25 c) $15218.68 d) $25218.68

2) If PV = 5000 SAR; the annual simple interest rate i = 8.75% and n = 10 quarters, then:
a) 𝐹𝑉 = 5364.58 SAR b) 𝐹𝑉 = 5934.75SAR c) 𝐹𝑉 = 6093.75 SAR d) 𝐹𝑉 = 6458.33 𝑆𝐴𝑅

3) If PV = 20000 SAR; the annual simple interest rate i = 6.95% and n = 9 months, then:
a) 𝐼 = 1042.5 SAR b) 𝐼 = 1285.87 SAR c) 𝐼 = 10425 SAR d) 𝐼 = 12510 𝑆𝐴𝑅

4) If FV = $24000, i = 6% annual interest rate compounded monthly, n = 11 years, then:

a) 𝑃𝑉 = $11857.84 b) 𝑃𝑉 = $12424.85 c) 𝑃𝑉 = $12642.9 d) 𝑃𝑉 = $14457.83

5) If PV = $12500, FV = $20000, i = 5% compounded continuously, then:

a) 𝑛 = 9.4 𝑦𝑒𝑎𝑟𝑠 b) 𝑛 = 9.63 𝑦𝑒𝑎𝑟𝑠 c) 𝑛 = 10 𝑦𝑒𝑎𝑟𝑠 d) 𝑛 = 12.5 𝑦𝑒𝑎𝑟𝑠

6) If PMT = $3500 made at the end of each year, n = 10 years, i = 6.75% annual compound interest rate,
then:

a) 𝑃𝑉𝐴 = $24869.15 b) 𝑃𝑉𝐴 = $26547.82 c) 𝑃𝑉𝐴 = $47790.3 d) 𝑃𝑉𝐴 = $51016.15

7) If PMT = $500 made at the beginning of each month, n = 10 years, i = 7.25% annual compound interest
rate, then:
a) 𝐹𝑉𝐴 = $6990.34 b) 𝐹𝑉𝐴 = $7497.14 c) 𝐹𝑉𝐴 = $87743.35 d) 𝐹𝑉𝐴 = $88273.47

8) If the Face value of a bond FV = $1000, annual coupon rate r = 5%, market rate i = 8%, maturity
n = 10 years then PV(Bond) =
a) $1630.95 b) $1231.65 c) $1000 d) $798.7

9) Assume that the initial amount to invest is $15000 and the interest rate is constant over time. At what
annual compound interest rate will your investment double itself in 10 years?
a) 5.95% b) 7.18% c) 10% d) 12.46%

10) What is the future value of an initial amount 35000 SAR deposited today in an account for 5 years paying
6.75% annual interest rate compounded semi-annually?
a) 48777.92 SAR b) 48912.45 SAR c) 25248.1 SAR d) 25044.75 SAR

11) An interest rate of 7.5% p.a. compounding monthly is equivalent to an effective interest rate of:
a) 7.5% p.a. b) 7.64% p.a. c) 7.71% p.a. d) 7.76% p.a.

12) A loan is repaid by making payments of $1089 at the end of every month for 15 years. If interest on the
loan is 5.75% compounded monthly, what was the principal of the loan?
a) $10751.57 b) $131140.03 c) $310041.39 d) $311527.01

13) You plan to withdraw at the beginning of each month 1500 SAR from an account of the next 15 years. If
the account pays 5% annually, what is the amount that you must deposit today in order to guarantee
these withdrawals?
a) 189682.86 SAR b) 190473.21 SAR c) 400933.42 SAR d) 402603.97 SAR

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 14) A saving account offers 7.25% annual compound interest rate. You deposit $3000 at the end of each
quarter for the next 15 years. What is the total amount in your account at the end of the period?
a) $294748.01 b) $299353.45 c) $320788.43 d) $326602.73
15) You begin working at age 27 and you decide to use a sinking fund to save 1000000 SAR into a
retirement account that pays an annual interest rate of 4.75% compounded monthly. You expect to
retire at age 60. What will be the required monthly payment to reach your goal when you retire?
a) 823.01 SAR b) 995.03 SAR c) 1047.22 SAR d) 1524.47 SAR

16) What is the monthly payment size of a 30-year mortgage loan of $750000 with 5.95% fixed interest
compounded monthly? (2 marks)

𝑖
𝑃𝑉𝐴×𝑡
𝑃𝑀𝑇 = 𝑖 −𝑛×𝑡
(0.5)
1−(1+𝑡)

5.95%
750000×
12
𝑃𝑀𝑇 = 5.95% −30×12
(0.5)
1−(1+ 12 )
𝑃𝑀𝑇 = $4472.55 (1)

17) Suppose you plan to deposit $2500 at the end of each two months into an account for two years. If the
account pays a simple interest equal to 10% annually, what is the value of the account at the end of the
period? (2 marks)

Total installments = PMT × (n + i×T) (0.5)

24
𝑛 = = 12 payment
2
PMT = $2500
12
𝑇 = × (22 + 0) = 132 𝑚𝑜𝑛𝑡ℎ𝑠 (1)
2
132
Total installments = 2500 × (12 + 10%× ) = $32750 (0.5)
12

‫ اتفق مع مصرف اسالمي على تمويل السيارة بموجب عقد مرابحة بمعدل ربح سنوي‬.‫ ريال‬190000 ‫) قررمحمد شراء سيارة بسعر‬18
.‫ سنوات‬3 ‫ ريال و تسديد الباقي على أقساط شهرية متساوية ملدة‬45000 ‫ ودفع دفعة أولى بقيمة‬%4.99
)‫ماهي قيمة القسط الشهري؟ (درجتين‬

(0.5) ‫ ريال‬145000 = 45000 - 190000 = ‫قيمة القرض = سعر السيارة – الدفعة األولى‬

)0.5( ‫ ريال‬166706.5 = ( 4.99%*3 + 1( * 145000 = ‫إجمالي األقساط‬

)1( ‫ ريال‬4630.74 = 166706.5 / 36 = ‫قيمة القسط الشهري‬

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‫‪ )19‬لنفترض مضاربة بقيمة ‪ 1500000‬ريال بين طرفين حيث يقدم الطرف األول رأس مال املضاربة بصفته رب املال )مصرف إسالمي(‬
‫حصة من الربح متفق عليها مسبقا‪ .‬اتفق الطرفان على أن‬‫ويقدم الطرف الثاني املضارب جهده الستثمار املال مقابل حصوله على ّ‬
‫يكون تقاسم األرباح بنسبة ‪ %35‬للطرف األول )املصرف اإلسالمي( و ‪ %65‬للطرف الثاني)املضارب( إذا كانت األرباح ‪ %20‬أو أقل من‬
‫رأس املال املستثمر وكل نسبة تتجاوزها تعود للمضارب‪.‬‬
‫ماهو نصيب املضارب إذا حقق هذا االخير أرباحا بنسبة ‪%28‬؟ (درجتين)‬

‫(‪)0.5‬‬ ‫إجمالي األرباح = ‪ 420000 = %28 * 1500000‬ريال‬

‫(‪)0.5‬‬ ‫األرباح التي سيتقاسمها الطرفين = ‪ 300000 = %20 * 1500000‬ريال‬

‫(‪)0.5‬‬ ‫أرباح املضارب خارج القسمة = ‪ 120000 = )%28 - %20( * 1500000‬ريال‬

‫(‪)0.5‬‬ ‫نصيب املضارب = (‪ 120000 + )%65 * 300000‬ريال = ‪ 315000‬ريال‬

‫‪ )20‬قررمحمد شراء سيارة بسعر ‪ 190000‬ريال‪ .‬اتفق مع مصرف اسالمي على تمويل السيارة بموجب عقد مرابحة بمعدل ربح سنوي معلوم‬
‫ودفع دفعة أولى بقيمة ‪ 55000‬ريال و تسديد الباقي على أقساط شهرية متساوية ملدة ‪ 3‬سنوات‪ .‬ماهو معدل الربح السنوي إذا علمت أن‬
‫قيمة القسط الشهري تساوي ‪ 4500‬ريال؟‬

‫(‪)0.5‬‬ ‫قيمة القرض = سعر السيارة – الدفعة األولى = ‪ 135000 = 55000 - 190000‬ريال‬
‫(‪)0.5‬‬ ‫إجمالي األقساط = ‪ 162000 = 36 * 4500‬ريال‬
‫(‪)0.5‬‬ ‫ربح املصرف = ‪ 27000 = 135000 - 162000‬ريال‬
‫(‪)0.5‬‬ ‫معدل الربح السنوي = ) ‪% 6.67 = 27000 / ( 135000 * 3‬‬

‫‪-3-‬‬