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GENERAL MATHEMATICS ACADEMIC ACHIEVEMENT TEST

Quiz by Arvin Gara

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7 questions
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  • Q1
    1. The simple interest formula is I=Prt. What does the t represent
    Time
    Principle
    Interest
    Percent Rate
    30s
  • Q2
    2. If you are calculating the simple interest and you are given the time in months. How can you find the time in years?
    divide the months by 12
    change the months to a decimal
    divide 12 by the months
    multiply 12 times the months
    30s
  • Q3
    3. What is the formula for simple interest?
    T = pri
    . I = prt
    R = ipt
    P = irt
    30s
  • Q4
    4. Chris owes Carol ₱20 000. He promised to pay the said amount in 6 months at 5% simple interest. How much is the interest?
    ₱600
    ₱500
    ₱900
    ₱700
    30s
  • Q5
    5. Amount of money borrowed or invested on the origin date
    Interest
    Time
    Rate
    Principal
    30s
  • Q6
    6. The person or institution who invests the money or makes the funds available.
    Debtor
    Collector
    Borrower
    Lender
    30s
  • Q7
    7. The interest remains constant throughout the investment term
    . Compound Interest
    Maturity Value
    Simple Interest
    Interest
    30s

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