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PRMIA 8002 Exam Sample Questions

Question: 4

You invest $2m in a bank savings account with a constant interest rate of 5% p.a. What is the value of the investment in 2 years time if interest is compounded quarterly?

  1. $2,208,972
  2. $2,210,342
  3. $2.205,000
  4. None of them


Answer: A

Question: 5

Solve the simultaneous linear equations: x + 2y – 2 = 0 and y – 3x = 8

  1. x = 1, y = 0.5
  2. x = -2, y = 2
  3. x = 2, y = 0
  4. None of the above


Answer: B

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Question: 3

When a number is written with a fraction as an exponent, such as , which of the following is the correct computation?

  1. Take the square-root of 75 and raise it to the 5th power
  2. Divide 75 by 2, then raise it to the 5th power
  3. Multiply 75 by 2.5
  4. Square 75, then take the fifth root of it


Answer: A

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Question: 3

When a number is written with a fraction as an exponent, such as , which of the following is the correct computation?

  1. Take the square-root of 75 and raise it to the 5th power
  2. Divide 75 by 2, then raise it to the 5th power
  3. Multiply 75 by 2.5
  4. Square 75, then take the fifth root of it


Answer: A

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Question: 4

You invest $2m in a bank savings account with a constant interest rate of 5% p.a. What is the value of the investment in 2 years time if interest is compounded quarterly?

  1. $2,208,972
  2. $2,210,342
  3. $2.205,000
  4. None of them


Answer: A

Question: 5

Solve the simultaneous linear equations: x + 2y – 2 = 0 and y – 3x = 8

  1. x = 1, y = 0.5
  2. x = -2, y = 2
  3. x = 2, y = 0
  4. None of the above


Answer: B