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- 1. Multiple Choice
Mark invested PhP100,000 in a bank at 5% simple interest for 10 years. What do you call the amount invested?
loan
discount
principal
interest
- 2. Multiple Choice
Sheryl invested PhP50,000 at BDO for
% for 10 years. What is % in decimal?10.5
1.05
.105
.0105
- 3. Multiple Choice
The simple interest formula is given by I=Prt. What does t stand for? Check all that apply.
term
time
target
tax
- 4. Multiple Choice
An individual or institution that borrows money. Check all that apply.
debtor
lender
maker
lessor
- 5. Multiple Choice
The amount composed of the principal and interest. Check all that apply.
final amount
future value
maturity value
final deposit
- 6. Multiple Choice
Which of the following formulas may be used in finding P if the interest, rate, and time are given?
- 7. Multiple Choice
Aeign borrowed $4,000 for 5 years at 6% simple interest for his property. How much is the interest for the amount borrowed?
$800
$1200
$1000
$1500
- 8. Multiple Choice
Carol borrows $1,200 from a bank with 8% simple interest per year. How much will she have to pay in 2 years?
$150
$192
$1350
$1392
- 9. Multiple Choice
Mr. Paredes investment an amount of money at 5% simple interest for 5 years. If the amount earns PhP25,000, how much is investment?
PhP100,000
PhP125,000
PhP150,000
PhP200,000
- 10. Multiple Choice
Jen puts $300 in a bank account earning 4% simple interest. How much will her money earn in 1 year?
4
6
12
16
- Answer choicesTagsAnswer choicesTags