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MODULE 1 - Simple and Compound Interest
Quiz by FERNANDO MORALES
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Convert the given PERCENT to DECIMAL.
25%
Convert the given PERCENT to DECIMAL.
35%
Convert the given PERCENT to DECIMAL.
12.34%
Convert the given PERCENT to DECIMAL.
0.45%
Convert the given PERCENT to DECIMAL.
0.02%
Convert the given PERCENT to DECIMAL.
125%
Complete the statement.
_________ is the amount of money borrowed or invested on the origin date.
Complete the statement.
_________ is the person (institution) who owes the money or avails of the funds form the lender.
Complete the statement.
Interest is the amount paid or earned for the use of _________.
Complete the statement.
Simple interest remains ___________ throughout the investment term.
Complete the statement.
In _____________Â Â _____________, the interest from the previous years also earns interest. Thus, the interest grows every year.
Answer the statement and choose the correct term below.
In simple interest, interest for all years is ____________.
Answer the statement and choose the correct term below.
In compound interest, interest for all years is ____________.
Answer the statement and choose the correct term below.
Simple interest is ___________ than compound interest.
Answer the statement and choose the correct term below.
Compound interest is ____________ than simple interest.
What do you call the amount after t years that the lender receives from the borrower on the maturity date?
What is the formula in calculating SIMPLE INTEREST?
In simple interest, if P is unknown, what is the formula for P?
In simple interest, if t is unknown, what is the formula for t?
What is the formula in calculating the present value at compound interest?