Simple Interest
Authored by Abby Villabelez
Mathematics
12th Grade
Used 4+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Find the interest rate of ₱150,000 (P) at 5% for 8 years.
₱6,000
₱60,000
₱210, 000
₱21, 000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Find the maturity value of ₱150,000 (P) at 5% for 8 years
₱150,000
₱15,000
₱21,000
₱210, 000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Find the interest rate of ₱240,000 (P) at 6% for 5 years.
₱72,000
₱7,200
₱6,200
₱6,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Find the maturity value of ₱240,000 (P) at 6% for 5 years.
₱31,200
₱312,000
₱31,300
₱32,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Find the present value of the following:
₱40,000 due in 2 years at 3% compounded monthly
₱40,000.50
₱43, 560.39
₱41, 640.19
₱42,460.28
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Find the present value of the following: ₱60,000 due in 3 years at 4% compounded monthly
₱67, 636.31
₱57,536.31
₱65, 363.81
₱65363.81
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the formula to find the simple interest?
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