Every answer is checked by machine
A practice bank with a wrong answer in it is worse than no practice bank: a candidate who learns a wrong annuity value carries it into the exam. So every numeric answer here is recomputed from this site’s own probability and interest-theory functions on every build — 330 of 400 questions, plus every mean, variance, CDF and moment generating function printed on a formula page. If a published formula and the mathematics disagree, the build fails.
The free reference
All Exam P pages →Every reference page on this site is free to read, forever, with no account. That is deliberate: the formulas are public knowledge and the pages are how people find us.
Probability foundations
4 pages · Axioms and sets, Counting, Conditional probability…
Random variables
3 pages · Random variables, Expectation and variance, MGFs
Distributions
14 pages · Discrete uniform, Binomial, Geometric…
Multivariate probability
3 pages · Joint distributions, Covariance, Conditional expectation
Applications
5 pages · Transformations, Deductibles and limits, Central limit theorem…
Exam FM, section by section
All Exam FM pages →Measurement of interest
4 pages · Interest and discount, Nominal rates, Force of interest…
Annuities
9 pages · Annuity-immediate, Annuity-due, Deferred annuities…
Loans
3 pages · Amortisation, Outstanding balance, Sinking funds
Bonds
4 pages · Bond pricing, Premium and discount, Book value…
Cash flow analysis
4 pages · Net present value, IRR, Spot rates…
Interest rate risk
5 pages · Macaulay duration, Modified duration, Convexity…
Practice
Open the bank →Daily round — free
6 mixed questions, the same set for everyone, refreshed every day.
Solved samples — free
12 complete questions with full worked solutions, so you can judge the writing before paying for it.
The full bank
220 Exam P and 180 Exam FM questions, drillable by topic and difficulty.
Speed drills
Ten questions, six minutes — the pace a real sitting demands.
Formula-recall trainer
140 prompts built from the same records the formula pages render.
BA II Plus technique
Setup, TVM, cash flows, amortisation and bonds, keystroke by keystroke.
Where this fits
ActuaryDeck is a supplement, not a replacement. Keep your ADAPT subscription for the home stretch — use this to drill formulas and problem patterns for a fraction of the price.
The official syllabi and the SOA’s own published sample questions are the authority on what is examinable — Exam P and Exam FM. Read them there. Nothing on this site reproduces an SOA sample question; every question here was written for this site.
Guides
All guides →An eight-week study plan for SOA Exam P
A realistic week-by-week plan for Exam P built around formula recall first, problem patterns second, and timed practice last.
Exam FM: which formulas actually earn their keep
There are dozens of interest theory formulas and about a dozen that carry most of the exam. Here is the ranking, and what each one unlocks.
Should you sit Exam P or Exam FM first?
The honest answer depends on your maths background and how soon you need a pass on your CV. Here is how to decide in ten minutes.
How ADAPT-style difficulty ratings work, and when you actually need one
Adaptive difficulty scores are genuinely useful in the last few weeks and largely wasted in the first few. Here is what they measure and how to spend on them sensibly.