Simple Interest and Compound Interest

Quiz by Liza Bantay

Grade 11

General Mathematics

Philippines Curriculum: SHS Core Subjects (MELC)

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### Measures 3 skills fromGrade 11General MathematicsPhilippines Curriculum: SHS Core Subjects (MELC)

Measures 3 skills from

Grade 11

General Mathematics

Philippines Curriculum: SHS Core Subjects (MELC)

M11GM-IIa-2

M11GM-IIa-1

M11GM-IIa-b-1

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20 questions

Show answers

- Q1Amount of money borrowed or invested on the origin date.PrincipalInterestRateTime300sM11GM-IIa-2EditDelete
- Q2The person or institution who invests the money or makes the funds available.LenderBorrowerDebtorCollector300sM11GM-IIa-2EditDelete
- Q3The amount after t years that the lender receives from the borrower on the maturity date.Simple InterestInterestCompound InterestFuture Value300sM11GM-IIa-2EditDelete
- Q4It is based on a 30-day month computation.Actual timeExact interestApproximate timeOrdinary interest300sM11GM-IIa-1EditDelete
- Q5The interest is computed on the principal and also on the accumulated past interests.InterestSimple InterestCompound InterestMaturity Value300sM11GM-IIa-1EditDelete
- Q6The interest remains constant throughout the investment term.Maturity ValueInterestSimple InterestCompound Interest300sM11GM-IIa-1EditDelete
- Q7Find the actual time from February 20, 2018 to December 15, 2018.298 days297 days296 days299 days300sM11GM-IIa-1EditDelete
- Q8Find the approximate time from October 23, 2018 to June 9, 2019.227 days226 days228 days225 days300sM11GM-IIa-1EditDelete
- Q9How much simple interest would acquire the an amount of PHP 10, 000 after 6 years at a rate of 3%?PHP 1800PHP 1600PHP 1700PHP 1500300sM11GM-IIa-1EditDelete
- Q10Suppose you invested PHP 35, 000 at a simple rate of 2.5%, how much will be your investment after 10 years?PHP 45, 730PHP 43,750PHP 47, 350PHP 8,750300sM11GM-IIa-1EditDelete
- Q11What is the equivalent term in years of 3 years and 9 months?3.253.53.93.75300sM11GM-IIa-1EditDelete
- Q12How many days is used as the usual practice in business and also used as the banker's rule.360 days365 1/4 days365 days366 days300sM11GM-IIa-1EditDelete
- Q13300sM11GM-IIa-b-1EditDelete
- Q14300sM11GM-IIa-b-1EditDelete
- Q15Find the maturity value if PHP 50, 000 is deposited in a bank at an annual simple interest rate of 3% after 6 years.PHP 41,000PHP 59,000PHP 9,000PHP 59, 702.61300sM11GM-IIa-b-1EditDelete
- Q16If an entrepreneur applies for a loan amounting to PHP 500,000 in a bank, the simple interest of which is PHP 157, 500 for 3 years, what interest rate is being charged?1.05%10.5%10%15%300sM11GM-IIa-b-1EditDelete
- Q17When invested at an annual interest rate of 7%, the amount earned PHP 11, 200 of simple interest in two years. How much money was originally invested?PHP 8, 000, 000PHP 800, 000PHP 80, 000PHP 8, 000300sM11GM-IIa-b-1EditDelete
- Q18Find the maturity value if PHP 10, 000 is compounded annually at an interest rate of 2% in 5 years.PHP 1, 040.81PHP 10, 141.81PHP 1, 041.81PHP 11, 040.81300sM11GM-IIa-b-1EditDelete
- Q19What is the interest of PHP 25,000 if invested at 4.5% compounded annually in 3 years?PHP 28, 592.15PHP 3, 592.15PHP 28, 529.15PHP 3, 529.15300sM11GM-IIa-b-1EditDelete
- Q20Justin borrowed PHP 150, 000 at 8% compounded annually. How much will he pay after 5 years?PHP 220, 399.21PHP 202, 399.21PHP 72, 399.21PHP 70, 399.21300sM11GM-IIa-b-1EditDelete