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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 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
  • Q1
    Amount of money borrowed or invested on the origin date.
    Principal
    Interest
    Rate
    Time
    300s
    M11GM-IIa-2
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  • Q2
    The person or institution who invests the money or makes the funds available.
    Lender
    Borrower
    Debtor
    Collector
    300s
    M11GM-IIa-2
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    Delete
  • Q3
    The amount after t years that the lender receives from the borrower on the maturity date.
    Simple Interest
    Interest
    Compound Interest
    Future Value
    300s
    M11GM-IIa-2
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  • Q4
    It is based on a 30-day month computation.
    Actual time
    Exact interest
    Approximate time
    Ordinary interest
    300s
    M11GM-IIa-1
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    Delete
  • Q5
    The interest is computed on the principal and also on the accumulated past interests.
    Interest
    Simple Interest
    Compound Interest
    Maturity Value
    300s
    M11GM-IIa-1
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    Delete
  • Q6
    The interest remains constant throughout the investment term.
    Maturity Value
    Interest
    Simple Interest
    Compound Interest
    300s
    M11GM-IIa-1
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    Delete
  • Q7
    Find the actual time from February 20, 2018 to December 15, 2018.
    298 days
    297 days
    296 days
    299 days
    300s
    M11GM-IIa-1
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    Delete
  • Q8
    Find the approximate time from October 23, 2018 to June 9, 2019.
    227 days
    226 days
    228 days
    225 days
    300s
    M11GM-IIa-1
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    Delete
  • Q9
    How much simple interest would acquire the an amount of PHP 10, 000 after 6 years at a rate of 3%?
    PHP 1800
    PHP 1600
    PHP 1700
    PHP 1500
    300s
    M11GM-IIa-1
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  • Q10
    Suppose you invested PHP 35, 000 at a simple rate of 2.5%, how much will be your investment after 10 years?
    PHP 45, 730
    PHP 43,750
    PHP 47, 350
    PHP 8,750
    300s
    M11GM-IIa-1
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  • Q11
    What is the equivalent term in years of 3 years and 9 months?
    3.25
    3.5
    3.9
    3.75
    300s
    M11GM-IIa-1
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    Delete
  • Q12
    How many days is used as the usual practice in business and also used as the banker's rule.
    360 days
    365 1/4 days
    365 days
    366 days
    300s
    M11GM-IIa-1
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    Delete
  • Q13
    300s
    M11GM-IIa-b-1
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    Delete
  • Q14
    300s
    M11GM-IIa-b-1
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  • Q15
    Find the maturity value if PHP 50, 000 is deposited in a bank at an annual simple interest rate of 3% after 6 years.
    PHP 41,000
    PHP 59,000
    PHP 9,000
    PHP 59, 702.61
    300s
    M11GM-IIa-b-1
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  • Q16
    If 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%
    300s
    M11GM-IIa-b-1
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  • Q17
    When 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, 000
    PHP 800, 000
    PHP 80, 000
    PHP 8, 000
    300s
    M11GM-IIa-b-1
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  • Q18
    Find the maturity value if PHP 10, 000 is compounded annually at an interest rate of 2% in 5 years.
    PHP 1, 040.81
    PHP 10, 141.81
    PHP 1, 041.81
    PHP 11, 040.81
    300s
    M11GM-IIa-b-1
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  • Q19
    What is the interest of PHP 25,000 if invested at 4.5% compounded annually in 3 years?
    PHP 28, 592.15
    PHP 3, 592.15
    PHP 28, 529.15
    PHP 3, 529.15
    300s
    M11GM-IIa-b-1
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  • Q20
    Justin borrowed PHP 150, 000 at 8% compounded annually. How much will he pay after 5 years?
    PHP 220, 399.21
    PHP 202, 399.21
    PHP 72, 399.21
    PHP 70, 399.21
    300s
    M11GM-IIa-b-1
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    Delete

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