Question 1

Find the Principal amount if:  I =  192Php      Rate = 6% per annum       Time = 4 years

Accepted Answer

800  Php

Answer

790 Php

Answer

820 Php

Answer

P 850

Question 2

Find the Principal amount if:  I =  20 Php         Rate = 2% per annum       Time = 20 months

Accepted Answer

600 Php

Answer

550 Php

Answer

650 Php

Answer

700 Php

Question 3

Find the interest rate if : Principal =  350 Php        Time = 2¹/₂ years      I = 140 Php

Accepted Answer

16%

Answer

12%

Answer

18%

Answer

14%

Question 4

Find the interest rate if: Principal = 9600 Php       Time = 3 months       I =  72 Php

Accepted Answer

3%

Answer

5%

Answer

2.73%

Answer

7%

Question 5

Find the time if : Principal = 500 Php        Rate = 7.5% p.a       I =  150 Php, express your answer in years, (either decimal or fraction is accepted)

Accepted Answer

12/3 years

Answer

20/4 years

Answer

4.5 years

Answer

4.2 years

Question 6

Find the time if: Principal = 700 Php        Rate = 18% p.a.       I = 78 Php

Accepted Answer

7/8 years

Answer

0.78 years

Answer

0.8 years

Answer

6/7 years

Question 7

Find the interest if  : Principal = 640 Php         Rate = 12¹/₂% p.a.         Time = 6 months

Accepted Answer

40 Php

Answer

45 Php

Answer

48 Php

Answer

42 Php

Question 8

Find the Future Value if  : Principal = 640 Php         Rate = 12¹/₂% p.a.         Time = 6 months

Accepted Answer

680 Php

Answer

682 Php

Answer

685 Php

Answer

688 Php

Question 9

Find the interest if  : Principal = 10000 Php       Rate = 18% p.a.            Time = 7 years

Accepted Answer

12600 Php

Answer

12680 Php

Answer

12620 Php

Answer

12720 Php

Question 10

Find the Future Value if  : Principal = 10000 Php       Rate = 18% p.a.            Time = 7 years

Accepted Answer

22600 Php

Answer

22688 Php

Answer

22720 Php

Answer

22685 Php

Question 11

Find the sum of money that amounts to 992Php  in 4 years at per annum.

Accepted Answer

800 Php

Answer

785 Php

Answer

820 Php

Answer

830 Php

Question 12

What sum of money will earn an interest of 162 Php  in 3 years at the rate of 12% per annum

Accepted Answer

450 Php

Answer

405 Php

Answer

275 Php

Answer

390 Php

Question 13

A and B borrowed 3000 Php  and  3500 Php  respectively at the same rate of simple interest for 3 years. If B paid 150 Php  more interest than A, find the rate of interest per annum.

Accepted Answer

10 %

Answer

8 %

Answer

12 %

Answer

16%

Question 14

What sum lent out at 6¹/₄% per annum produces the same simple interest in 2 years as 2100 Php lent out at 5% per annum produces in 16 months?

Accepted Answer

1120 Php

Answer

1220 php

Answer

2200 Php

Answer

1770 Php

Question 15

COMPOUND INTEREST
If 4,000Php is invested at 4% compounded annually, how long will it take to accumulate to 6,000 Php? (Choose the nearest years, be sure to round off)

Accepted Answer

10 years

Answer

11 years

Answer

9 years

Answer

12 years

Question 16

COMPOUNT INTEREST: 
How much should be invested in an account paying 9% compounded daily for it to accumulate to 5,000 Php in five years?

Accepted Answer

3188.32 Php

Answer

2618.86 Php

Answer

2899.72 Php

Answer

3328.41 Php

Question 17

COMPOUND INTEREST:
If 3500 Php is invested at 9% compounded monthly, what will the future value be in four years? (choose the nearest answer)

Accepted Answer

5010 Php

Answer

4980 Php

Answer

5050 Php

Answer

5250 Php

Question 18

COMPOUND INTEREST: 
If 5,000 Php  is invested now for 6 years what interest rate compounded quarterly is needed to obtain an accumulated value of 8000 Php.

Accepted Answer

7.9%

Answer

6.9%

Answer

7.2%

Answer

8.2%

Question 19

A principal of 2000 Php is placed in a savings account at 3% per annum compounded annually. How much is in the account after one year, two years and three years?

Question 20

COMPOUND INTEREST:
If 3000 Php is placed in an account at 5% and is compounded quarterly for 5 years. How much is in the account at the end of 5 years?

Accepted Answer

3846.11 Php

Answer

3698.42 Php

Answer

3876.90 Php

Answer

3986.31 Php

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