Quiz 2.2 Simple Interest
Quiz by Sherwin Salas
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- Q1
An 18.40%, 270 day-promissory note was issued on November 12, 2020. If the instrument was settled on maturity date, what is the total settlement amount?
₱ 14,234.38
₱ 13,725.00
₱ 1,725.00
₱ 14,225.00
120s - Q2
A promissory note was settled for ₱47,446.35. Its face value was ₱43,800.00 with interest of 16.20% when it was issued on January 13, 2016. When was the settlement date?
July 17, 2016
July 15, 2016
July 16, 2016
July 14, 2016
120s - Q3
Given: PV = ₱132,300.00 / t = 80 days / FV = ₱134,960.70. What is the interest rate?
109.05%
90.50%
9.05%
190.50%
120s - Q4
After 6,250 days, the promissory note tripled in amount. At what interest rate was it issued? (Use XX.XX% , example: 12.25%)
11.52%
300s