# Simple Interest and Compound Interest

## Quiz by Liza Bantay

General Mathematics
Philippines Curriculum: SHS Core Subjects (MELC)

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20 questions
• Q1
Amount of money borrowed or invested on the origin date.
Principal
Interest
Rate
Time
300s
M11GM-IIa-2
• Q2
The person or institution who invests the money or makes the funds available.
Lender
Borrower
Debtor
Collector
300s
M11GM-IIa-2
• 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
• Q4
It is based on a 30-day month computation.
Actual time
Exact interest
Approximate time
Ordinary interest
300s
M11GM-IIa-1
• 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
• Q6
The interest remains constant throughout the investment term.
Maturity Value
Interest
Simple Interest
Compound Interest
300s
M11GM-IIa-1
• 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
• 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
• 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
• 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
• 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
• 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
• Q13
300s
M11GM-IIa-b-1
• Q14
300s
M11GM-IIa-b-1
• 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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