Question 1

Match the terms in column A with the correct definition in column B.

Question 2

What is $Interest (I)$, if $P = 60,000$ , $r = 4%$ and $t = 15$ ?

Accepted Answer

36,000

Answer

360,000

Answer

360

Answer

3,600

Question 3

What is $Principal (P)$, if $r=12% $, $t=5$ and $I=15,000$ ?

Accepted Answer

25,000

Answer

2,500

Answer

250,000

Answer

250

Question 4

What is the $Maturity Value (F)$, if $P=60,000$, $r=4%$ and $t=15$?

Accepted Answer

96,000

Answer

9,600

Answer

960

Answer

960,000

Question 5

What is the $Maturity Value (F)$, if $P=25,000$, $r=12%$ and $t=5$?

Accepted Answer

40,000

Answer

4,000

Answer

400

Answer

400,000

Related quizzes