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gen math finals

Quiz by Carolina Advento

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47 questions
Show answers
  • Q1
    What unit must the time of a loan or investment always be expressed in?
    days
    months
    years
    weeks
    30s
  • Q2
    How is the maturity or future value (F) calculated?
    difference
    product
    quotient
    sum
    30s
  • Q3
    Which period is NOT considered a frequency of conversion in one year?
    semi-monthly
    semi-annually
    quarterly
    annually
    30s
  • Q4
    What is true about compound interest?
    Interest is calculated at a variable rate that changes over time.
    Interest is calculated only on the principal amount.
    Interest is calculated on the principal amount and accumulated interest.
    Interest is calculated at a fixed rate for the entire time period.
    30s
  • Q5
    Which of the following is a real-life application of compound interest?
    Savings account
    Mortgage loan
    All of the above
    Credit card debt
    30s
  • Q6
    What is the principal value in Problem 1 where Php 70,000 is borrowed?
    Question Image
    ¾ year
    Php 70,000
    10%
    9 months
    30s
  • Q7
    In Problem 1, how is the time expressed in years from 9 months?
    Question Image
    10%
    9 months
    0.75 year
    Php 70,000
    60s
  • Q8
    What formula should you use to find the simple interest?
    I=P(1+r*t)
    I=F-P
    I=I_s/r*t
    I=Prt
    30s
  • Q9
    What must the time of a loan or investment always be expressed in?
    months
    weeks
    years
    days
    30s
  • Q10
    How is the maturity or future value (F) computed?
    difference
    product
    sum
    quotient
    30s
  • Q11
    Which of the following is NOT an example of a frequency of conversion period in one year?
    quarterly
    semi-monthly
    semi-annually
    annually
    30s
  • Q12
    Which is an example of a real-life application of compound interest?
    Mortgage loan
    All of the above
    Credit card debt
    Savings account
    30s
  • Q13
    In the context of a loan problem, what is the principal value?
    Php 70,000
    ¾ year
    10%
    9 months
    30s
  • Q14
    What is the interest rate in the loan problem?
    ¾ year
    9 months
    10%
    Php 70,000
    30s
  • Q15
    What is 10% in decimal form?
    0.1
    0.010
    10.0
    1.0
    30s

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