Simple Interest
Assessment
•
Robert Norberte
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Mathematics
•
University
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105 plays
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Hard
Student preview
10 questions
Show all answers
1.
MULTIPLE CHOICE
20 sec • 1 pt
Mark invested PhP100,000 in a bank at 5% simple interest for 10 years. What do you call the amount invested?
2.
MULTIPLE CHOICE
30 sec • 1 pt
Sheryl invested PhP50,000 at BDO for
% for 10 years. What is % in decimal?3.
MULTIPLE SELECT
45 sec • 1 pt
The simple interest formula is given by I=Prt. What does t stand for? Check all that apply.
4.
MULTIPLE SELECT
45 sec • 1 pt
An individual or institution that borrows money. Check all that apply.
5.
MULTIPLE SELECT
45 sec • 1 pt
The amount composed of the principal and interest. Check all that apply.
6.
MULTIPLE CHOICE
30 sec • 1 pt
Which of the following formulas may be used in finding P if the interest, rate, and time are given?
7.
MULTIPLE CHOICE
1 min • 1 pt
Aeign borrowed $4,000 for 5 years at 6% simple interest for his property. How much is the interest for the amount borrowed?
8.
MULTIPLE CHOICE
1 min • 1 pt
Carol borrows $1,200 from a bank with 8% simple interest per year. How much will she have to pay in 2 years?
9.
MULTIPLE CHOICE
1 min • 1 pt
Mr. Paredes investment an amount of money at 5% simple interest for 5 years. If the amount earns PhP25,000, how much is investment?
10.
MULTIPLE CHOICE
1 min • 1 pt
Jen puts $300 in a bank account earning 4% simple interest. How much will her money earn in 1 year?
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