# Simple Interest and Compound Interest

## Quiz by Liza Bantay

Grade 11

General Mathematics

Philippines Curriculum: SHS Core Subjects (MELC)

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20 questions

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- Q1Amount of money borrowed or invested on the origin date.PrincipalInterestRateTime300sM11GM-IIa-2
- Q2The person or institution who invests the money or makes the funds available.LenderBorrowerDebtorCollector300sM11GM-IIa-2
- Q3The amount after t years that the lender receives from the borrower on the maturity date.Simple InterestInterestCompound InterestFuture Value300sM11GM-IIa-2
- Q4It is based on a 30-day month computation.Actual timeExact interestApproximate timeOrdinary interest300sM11GM-IIa-1
- Q5The interest is computed on the principal and also on the accumulated past interests.InterestSimple InterestCompound InterestMaturity Value300sM11GM-IIa-1
- Q6The interest remains constant throughout the investment term.Maturity ValueInterestSimple InterestCompound Interest300sM11GM-IIa-1
- Q7Find the actual time from February 20, 2018 to December 15, 2018.298 days297 days296 days299 days300sM11GM-IIa-1
- Q8Find the approximate time from October 23, 2018 to June 9, 2019.227 days226 days228 days225 days300sM11GM-IIa-1
- 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-1
- 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-1
- Q11What is the equivalent term in years of 3 years and 9 months?3.253.53.93.75300sM11GM-IIa-1
- 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-1
- Q13300sM11GM-IIa-b-1
- Q14300sM11GM-IIa-b-1
- 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-1